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Bitfinex hack launderer ‘Razzlekhan’ wants time served as sentencing looms

Heather Morgan has argued for no more jail time for her role in laundering some of the 120,000 Bitcoin stolen from Bitfinex by her husband Ilya Lichtenstein.

Heather Morgan, also known as the rapper “Razzlekhan,” has asked to avoid more prison time ahead of her sentencing for her role in laundering the Bitcoin her husband stole from the crypto exchange Bitfinex.

“Ms. Morgan has proven herself worthy of a second chance, and we respectfully ask this Court to give her that chance by imposing a sentence of time served,” Morgan’s lawyers asked a Washington, DC, federal court in an Oct. 31 filing.

They added she was subject to “difficult conditions” in her week-long pretrial incarceration — having to recover from surgery and getting COVID-19 — and, since her release in mid-February 2022, had “complied fully with the restrictive terms of pretrial release.”

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Bitwise files Form S-1 for spot Solana ETF with SEC

US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme

US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi SchemeA cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw funds while promoters pocketed millions. The fraudster was ordered to forfeit over $3.6 […]

Bitwise files Form S-1 for spot Solana ETF with SEC

US Prosecutors Seek Reduced Sentence for Bitfinex Hacker Ilya Lichtenstein 

US Prosecutors Seek Reduced Sentence for Bitfinex Hacker Ilya Lichtenstein U.S. prosecutors are requesting a reduced sentence for Ilya Lichtenstein, the mastermind behind the 2016 Bitfinex bitcoin heist, citing his significant cooperation in recovering stolen assets. Lichtenstein faces sentencing for stealing 120,000 bitcoin, worth $71 million at the time. U.S. Government Recommends Lighter Sentence for Bitfinex Hacker Due to Cooperation Prosecutors are recommending a lighter […]

Bitwise files Form S-1 for spot Solana ETF with SEC

Prosecutors Recommend 18-Month Prison Term for Heather Morgan in Bitfinex Hack Case

Prosecutors Recommend 18-Month Prison Term for Heather Morgan in Bitfinex Hack CaseHeather Morgan, known by her rap persona “Razzlekhan,” could land an 18-month prison sentence after pleading guilty to laundering cryptocurrency linked to the 2016 Bitfinex hack. Prosecutors described her role as pivotal in obscuring stolen bitcoin through complex schemes, despite not being part of the original theft. Her cooperation, and the influence of her husband, […]

Bitwise files Form S-1 for spot Solana ETF with SEC

Donald Trump Reaffirms Promise to Commute Ross Ulbricht’s Sentence

Donald Trump Reaffirms Promise to Commute Ross Ulbricht’s SentenceFormer President Donald Trump once again affirmed his intention to commute Ross Ulbricht’s sentence, the founder of the darknet marketplace Silk Road. On Truth Social, Trump shared a post featuring Ulbricht discussing his 12th year in prison, and Trump declared in all capital letters, “I WILL SAVE ROSS ULBRICHT!” Petition for Ross Ulbricht’s Freedom Gathers […]

Bitwise files Form S-1 for spot Solana ETF with SEC

Ex-Alameda CEO Caroline Ellison Receives 24-Month Sentence

Ex-Alameda CEO Caroline Ellison Receives 24-Month SentenceOn Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the sentencing. Even though the judge commended her in court, saying, “I’ve seen a lot of cooperators in […]

Bitwise files Form S-1 for spot Solana ETF with SEC

DOJ recommends harsher sentences AI-enhanced crimes

Using AI to plan, commit, or help cover up a plan could lead to harsher sentencing in the US soon.

The United States Department Justice (DOJ) has asked the United States Sentencing Commission to update its guidelines to provide additional penalties for crimes committed with the aid of artificial intelligence. 

According to a legal alert published by the law offices of White & Case, the recommendations seek to expand well beyond established guidelines and would apply not only to crimes committed with AI, but to any crime aided or abetted by even simple algorithms.

Current guidelines, per the legal alert, only cover so-called “sophisticated” systems. Ostensibly, the new guidelines would make AI involved in criminal activity an accessory, with the legal system punishing the person responsible for its application to criminal activity.

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Bitwise files Form S-1 for spot Solana ETF with SEC

TRUMP token recovers from nasty dip after Donald Trump guilty verdict

Meanwhile, the Jeo Boden (BODEN) meme coin linked to Trump’s arch-rival, Joe Biden, rallied 6.4% in the first 15 minutes before dumping again.

The largest meme coin tied to United States presidential candidate Donald Trump has recovered after plummeting 16% moments after he was found guilty on 34 felony counts for falsifying business records.

The case related to Trump concealing a hush money payment to adult entertainment star Stormy Daniels, which will now move to sentencing.

Despite the conviction, Trump maintains his innocence and called the outcome of the trial a “disgrace.”

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Bitwise files Form S-1 for spot Solana ETF with SEC

Former FTX Executive Ryan Salame Sentenced to 7.5 Years for Criminal Charges

Former FTX Executive Ryan Salame Sentenced to 7.5 Years for Criminal ChargesFormer FTX executive Ryan Salame was sentenced to seven and a half years in prison by Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York after pleading guilty to criminal charges, including engaging in an unlawful political influence campaign and operating an unlicensed money transmitting business. Salame, who once […]

Bitwise files Form S-1 for spot Solana ETF with SEC

Prosecutors Recommend up to 50-Year Prison Sentence and $11,000,000,000 Money Judgment for Sam Bankman-Fried

Prosecutors Recommend up to 50-Year Prison Sentence and ,000,000,000 Money Judgment for Sam Bankman-Fried

Prosecutors are recommending that disgraced FTX founder Sam Bankman-Fried serve decades behind bars as well as be ordered to pay a staggering $11 billion money judgment. In a new court filing, the prosecutors in the case say that while the guidelines recommend a sentence of up to 100 years – which is effectively a life […]

The post Prosecutors Recommend up to 50-Year Prison Sentence and $11,000,000,000 Money Judgment for Sam Bankman-Fried appeared first on The Daily Hodl.

Bitwise files Form S-1 for spot Solana ETF with SEC