Montenegro’s top court orders another review in the case of cryptocurrency mogul Do Kwon

[ad_1] Montenegrin police officers escort South Korean citizen, Terraform Labs founder Do Kwon in Montenegro’s capital Podgorica, Saturday, March 23, 2024. Do Kwon was transferred on Saturday from prison, where he had served a 4-month sentence for using a fake passport, to a facility for foreigners pending his announced extradition to his native South Korea. … Read more

Sam Bankman-Fried sentenced to 25 years over role in FTX collapse

[ad_1] Sam Bankman-Fried sentenced to 25 years over role in FTX collapse – CBS News Watch CBS News Sam Bankman-Fried was sentenced to 25 years in prison for his role in the sudden collapse of the FTX crypto exchange. Prosecutors say he defrauded customers out of more than $8 billion, one of the largest financial … Read more

A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX

[ad_1] Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry’s collapse. The founder and former CEO of the massive cryptocurrency exchange FTX was sentenced to 25 years in prison Thursday after being convicted of fraud for stealing at least $10 billion from customers and investors. The collapse of one of the … Read more

US prosecutors try to send warning to cryptocurrency world with KuCoin prosecution

[ad_1] NEW YORK — A top U.S. prosecutor announced criminal charges Tuesday against a once-ascending company in the cryptocurrency world and two of its founders in a bid to send a message to other players in the industry to follow U.S. laws. U.S. Attorney Damian Williams said conspiracy charges against KuCoin and two executives should … Read more