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Esteban Cabrera Da Corte in April pleaded guilty to participating in the 2020 scheme to steal millions of dollars worth of crypto and trick U.S. banks into refunding them. The 27-year-old Miami resident was also ordered to pay restitution of nearly $3.6 million and forfeiture of $1.2 million. Source
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The U.S. Justice Department hinted that Changpeng Zhao, Binance’s founder and former CEO of Binance, could potentially spend up to a decade in prison. A recent DOJ court filing not only reinforced restrictions on Zhao’s travel but also unveiled the possibility of a potential 10-year prison sentence. This development unfolds
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The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish. The Wall Street Journal reported on Nov. 23 that Bankman-Fried recently traded four packets of Mackerel — known in prison as “macks”
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The FTX founder participates in ‘prisonomics’ at a Brooklyn detention center where demand for mackerel pouches outshines interest in Bitcoin and crypto. Convicted FTX founder Sam Bankman-Fried has battered seafood delicacies with fellow inmates during his time at the Brooklyn Metropolitan Detention Center (MDC). He exchanged it for services while awaiting
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According to a report by Business Insider, Sam Bankman-Fried (SBF), co-founder and former CEO of FTX, has adapted to the economic system
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Do Kwon’s final appeal to undo his incarceration in a Montenegrin prison was refused by a high court, leaving Terra’s former CEO awaiting extradition rather than freedom. The High Court in Podgorica rejected Kwon’s appeal to overturn his jail time issued by a lower court in Montenegro’s capital city. Per Nov. 16
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Prosecutors have asked for an eight-year sentence for former Bithumb Chairman Lee Jung Hoon, who is charged with violating the law for certain economic crimes. The 5th criminal division of the Seoul High Court held an appeal hearing on the charges against former Chairman Lee Jong-hoon. He is accused of causing damages
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Crypto lawyer John E. Deaton opined that Sam Bankman-Fried is most likely to spend multiple decades in prison after a 12-person jury unanimously found FTX’s founder guilty on all seven counts. Deaton’s view is that Bankman-Fried sealed his fate by depending on his testimony and on the chances of a hung
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Nishad Singh, the former engineering director at now-defunct crypto exchange FTX, has reportedly said he “hopes for no jail time” as part of an agreement with prosecutors.According to reports from the criminal trial of Sam “SBF” Bankman-Fried on Oct. 16, Singh revealed details about his deal with the United States
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The founder of one of the largest darknet platforms, Silk Road, Ross Ulbricht, has spent 10 years behind bars. On Monday, Oct. 2, Ulbricht published a post in which he shared that today marks his tenth year in prison. He now fears he will spend the rest of his life “behind
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