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US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors

US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding InvestorsA bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did not provide them with the agreed-upon bitcoin. Fraudulent Bitcoin Seller Going to Jail The U.S. Department of Justice (DOJ) […]

Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client Assets

US Man Selling Bitcoin Without License Faces 5 Years in Prison

US Man Selling Bitcoin Without License Faces 5 Years in PrisonA New Orleans resident has been charged for selling bitcoin without registering with the Financial Crimes Enforcement Network (FinCEN). If convicted, the seller may receive a maximum of five years in prison, a maximum $250,000 fine, up to three years of supervised release, and a $100 mandatory special assessment. Bitcoin Seller Faces Jail Time The […]

Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client Assets