Sam Bankman-Fried’s Lawyers Push for Maximum 78-Month Sentence, Say Recommended 100 Years Is ‘Grotesque’

February 29, 2024 The Daily Hodl

court

Sam Bankman-Fried’s legal team is seeking a lighter-than-recommended sentence for the convicted founder of the bankrupt crypto exchange platform FTX. In a new court filing, Bankman-Fried’s lawyers say they disagree with the Presentence Investigation Report (PSR) recommendation that the former executive should be sentenced to 100 years behind bars. The PSR – which is prepared […]

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Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Montenegro’s Appellate Court Revokes Terra (LUNA) Founder Do Kwon’s Extradition to the US, Orders a Retrial

February 8, 2024 The Daily Hodl

crime

An appellate court in Montenegro is revoking the extradition of disgraced Terra (LUNA) founder Do Kwon to the US and has ordered a retrial. According to a new press release, an appeals court yesterday overturned the decision of the high court made late last year, which ruled that Kwon is to be extradited to both […]

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Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Ransomware Makes Comeback With Over $1,000,000,000 Extorted in 2023, According to Chainalysis

February 7, 2024 The Daily Hodl

chainalysis

New data from market intelligence platform Chainalysis reveals that ransomware attacks resurfaced in 2023, extorting over $1 billion from investors throughout the year. In a new blog post, Chainalysis says that 2023 saw a rise in the number of ransomware attacks across the board – and the firm believes it’ll only increase. “Ransomware payments in […]

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Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

U.S. Prosecutors Won’t Pursue Second Trial Against FTX Founder Sam Bankman-Fried: Report

December 31, 2023 The Daily Hodl

court

U.S. prosecutors are reportedly not pursuing a second trial against disgraced FTX founder Sam Bankman-Fried. According to a new report by Reuters, in a recently penned letter to a federal court in Manhattan, the prosecutors say that the benefits of a second trial outweigh the public’s strong interest in a prompt resolution in the case […]

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Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Crypto Company SafeMoon Files for Bankruptcy Following Founder and Executives’ Indictment on Fraud Charges Last Month

December 16, 2023 The Daily Hodl

Bankruptcy

Blockchain firm SafeMoon is filing for bankruptcy after its founder and two executives were indicted on fraud charges in November. According to a recent document, the crypto company voluntarily filed for Chapter 7 bankruptcy over a month after founder Kyle Nagy, chief technology officer Thomas Smith and chief executive Braden Karony were accused of violating […]

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Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Judge Bars Former Binance CEO Changpeng Zhao From Leaving the US Until His Sentencing Slated for February

December 8, 2023 The Daily Hodl

Binance

A judge has ruled that former Binance chief executive Changpeng Zhao is a flight risk and has banned him from leaving the US until he’s sentenced in February. In a new court filing, Magistrate Judge Brian Tsuchida made a ruling in favor of the prosecution, who claimed Zhao’s wealth and citizenship with other nations that […]

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Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Crypto is for criminals? JPMorgan has been fined $39B and has its own token

December 7, 2023 Coin Telegraph

Crypto is for criminals? JPMorgan has been fined B and has its own token

Banking Violations

Crypto proponents on X wasted no time pointing out the hypocrisy of JP Morgan CEO Jamie Dimon’s recent remarks to the United States Banking Committee about Bitcoin and crypto.

JPMorgan CEO Jamie Dimon is being hauled over the hot coals on crypto X (Twitter) after claiming Bitcoin (BTC) and cryptocurrency's “only true use case” is to facilitate crime.

“The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance,” Dimon said in a hearing before the United States Banking Committee on Dec. 5. "If I were the government, I'd close it down."

But crypto pundits quickly pointed out the seeming hypocrisy in Dimon’s statements, highlighting that JPMorgan is the second largest penalized bank, having paid $39.3 billion in fines across 272 violations since 2000, according to Good Jobs First’s violation tracker.

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

IRS Criminal Investigation Unit Says Crypto Tax Investigations Surged in 2023

December 6, 2023 The Daily Hodl

chain hopping

The U.S. Internal Revenue Service’s (IRS) criminal investigation unit says crypto tax investigations are on the rise. The unit notes in a new annual report that the number of digital asset tax investigations have grown as crypto assets have become more mainstream. “These investigations consist of unreported income resulting from failure to report capital gains […]

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Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Miami Fraudster Sentenced to 63 Months in Prison for Duping Banks out of $4,000,000 in Crypto Scheme

December 1, 2023 The Daily Hodl

Banks

The ringleader of a Miami-based crew that defrauded banks out of millions of dollars has been sentenced to over five years in prison. In a new press release, the U.S. Department of Justice (DOJ) says that Miami resident Esteban Cabrera Da Corte has been sentenced to 63 months in prison for masterminding a scheme that […]

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Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Terra (LUNA) Founder Do Kwon’s Extradition to the US and South Korea Approved by Montenegro Court

November 25, 2023 The Daily Hodl

crime

The extradition of disgraced Terra (LUNA) founder Do Kwon to the US and South Korea has been approved by a court in Montenegro. In a new press release, the Higher Court of Podgorica has ruled that the legal requirements needed for extraditing Kwon to the US and South Korea have been met. “It was established […]

The post Terra (LUNA) Founder Do Kwon’s Extradition to the US and South Korea Approved by Montenegro Court appeared first on The Daily Hodl.

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