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HashFlare cloud mining operators plead guilty to $577 million crypto fraud following FBI investigation

Estonian operators of HashFlare pleaded guilty to running a $577 million Ponzi scheme, misrepresenting mining capacity, and face up to 20 years in prison.

theblock.co • 14/02/2025 - 10:47 AM

The Daily: Trump frees Ross Ulbricht, Jupiter airdrops $600 million in JUP tokens and more

Ross Ulbricht's release is celebrated; Trump fulfills campaign pledges. Jupiter launches airdrop, and discussions on memecoin and Bitcoin price forecasts ensue.

theblock.co • 22/01/2025 - 19:00 PM

BitMEX hit with additional $100 million fine over Bank Secrecy Act violations: report

BitMEX has been slapped with an additional $100 million fine for Bank Secrecy Act violations between 2015 and 2020. The overseas exchange had pleaded guilty to these crimes in July 2024, and previously agreed to pay a $110 million penalty.

theblock.co • 15/01/2025 - 20:00 PM

Judge sets Terraform founder Do Kwon’s trial for January 2026 in ‘unprecedented’ move, urges plea negotiations

The criminal trial of Terraform Labs founder Do Kwon has been tentatively scheduled for late January of next year. Kwon, who pleaded not guilty, could face up to 130 years in prison if convicted of the nine charges related to the collapse of his failed TerraUST stablecoin.

theblock.co • 08/01/2025 - 22:30 PM

US prosecutors estimate over 1 million victims in Do Kwon’s criminal case

U.S. prosecutors allege Do Kwon's fraud impacted over one million victims with more than $40 billion in losses; he faces multiple charges and a potential 130-year prison sentence.

theblock.co • 07/01/2025 - 03:13 AM

The Daily: BlackRock's Bitcoin ETF sees largest daily outflows since launch, Do Kwon pleads not guilty and more

BlackRock's Bitcoin ETF sees record outflows; Do Kwon pleads not guilty; Tether's legal head retires; Anon World launched. Upcoming events include Eurozone inflation and FOMC meeting.

theblock.co • 03/01/2025 - 17:28 PM

Montenegro court dismisses Terra co-founder Do Kwon’s extradition appeal

The Constitutional Court of Montenegro denied Do Kwon's extradition appeal, leaving the final decision to the Minister of Justice amid ongoing legal and political issues.

theblock.co • 26/12/2024 - 02:28 AM

Team behind HAWK memecoin, tied to 'Hawk Tuah Girl,' sued for alleged securities law violations

Investors have sued the HAWK memecoin team for securities law violations after a significant token decline, claiming it functioned as an unregistered security.

theblock.co • 19/12/2024 - 20:04 PM

Craig Wright, who says he is Satoshi Nakamoto, sentenced to one year in prison: reports

Craig Wright, who claims to be Bitcoin's creator, was sentenced to two years in prison for contempt after a £900 billion legal claim. He plans to appeal.

theblock.co • 19/12/2024 - 20:01 PM

Federal judge says Coinbase can delist wBTC, denying Justin Sun-affiliated BiT Global's bid for a temporary restraining order

A California court permits Coinbase to delist wrapped bitcoin (wBTC) amid BiT Global's lawsuit, which claims unfair competition and libel. Coinbase defends its actions, denying monopolization.

theblock.co • 19/12/2024 - 00:30 AM

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