Chinese woman pleads guilty in $7B UK Bitcoin fraud case ahead of trial
UK seizes 61,000 Bitcoin worth $7B in one of the world’s largest crypto fraud cases. Zhang and Ling plead guilty to laundering funds tied to a $5.6B Chinese investment scam.…
GeckoPulse: Is Justin Sun Guilty or Innocent?
Locked Liberty Trump-backed DeFi project World Liberty Financial has blacklisted an Ethereum wallet linked to Tron founder Justin Sun, freezing over 540M worth of unlocked WLFI tokens. ...
Safemoon CTO pleads guilty in $200m crypto fraud case
Safemoon CTO Thomas Smith has pleaded guilty to charges in a $200 million crypto fraud case. US authories arrested the Safemoon exec, alongside CEO Braden John Karony, in 2023. Thomas…
BitMEX hit with an additional penalty following its 2022 guilty plea
BitMEX fined $100M for AML violations following a guilty plea in 2022. The US court also ordered a two-year probation for the exchange. The operator of BitMEX cryptocurrency exchange, HDR…
Ex-FTX Executive Nishad Singh sentenced to time served after guilty plea
Nishad Singh has been sentenced to time served and three years of supervised release. The judge noted Singh’s limited involvement compared to other FTX executives. Singh cooperated with prosecutors, aiding…
Man pleads guilty in UK’s first illegal crypto ATM conviction
Olumide Osunkoya pleaded guilty to FCA charges of illegal offer and use of cryptocurrency automated teller machines (ATMs). The 45-year old Osunkuya will be sentenced at a later date. Olumide…
Developer of Tornado Cash found guilty of money laundering in the Netherlands
Alexey Pertsev, Tornado Cash developer, found guilty of laundering $1.2B in the Netherlands. Despite Tornado Cash being non-custodial, Pertsev sentenced to over 5 years in prison. Verdict sparks debate on…
Samourai Wallet co-founder released on $1M bond after pleading not guilty
Samourai Wallet founders have been charged with money laundering and operating an unlicensed business. Keonne Rodriguez, one of the co-founders, was released on a $1M bond after pleading not guilty…
FXT Token (FTT) plummets after SBF was found guilty
FTX token (FTT) plummets to $1.1579 after founder SBF’s fraud verdict. SBF was found guilty on all seven counts after a 15-day trial. Sam Bankman-Fried sentencing is scheduled for March…
CEL falls after Celisus Network and its former CEO found guilty
The United States Commodity and Futures Trading Commission (CFTC) has concluded investigations into Celsius Network. The CFTC has found the former CEO and Celsius Network guilty of breaking several rules…