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. Go to Source
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Judge finds Ripple Labs liable for $125M penalty in SEC case
Ripple’s civil case with the SEC has been ongoing since December 2020, when the regulator alleged the blockchain firm used XRP as an unregistered security to raise funds. Go to Source
Elon Musk renews lawsuit against OpenAI, Sam Altman — Filing
Musk claims he was misled about the ChatGPT creator’s true purpose. Go to Source
Bankrupt crypto firm Genesis completes restructuring
In a January open letter, Gemini co-founder Cameron Winklevoss accused entities related to Genesis of inflating their assets. Go to Source
Montenegro Appellate Court upholds Do Kwon extradition to South Korea
Since 2023, the decision to send the Terraform co-founder to South Korea or the United States has been contested in Montenegrin courts. Go to Source
Judge grants ex-FTX exec’s request to postpone reporting to prison
Ryan Salame will have an additional 45 days of freedom after his lawyers said there were medical complications due to a dog bite. Go to Source
Citron founder pleads not guilty to fraud over short seller calls
Lawyers for short-seller firm Citron’s Andrew Left reportedly said he would “never” accept a plea deal with the US government. Go to Source
Ex-FTX exec asks for delay reporting to prison after dog attack
Ryan Salame was scheduled to report to prison on Aug. 29 after being sentenced to 90 months for charges related to the misuse of FTX user funds. Go to Source
Judge approves delaying forfeiture of donations from FTX-funded PACs
Former FTX CEO Sam Bankman-Fried reportedly donated roughly $40 million directly to political candidates and PACs in 2022 before the collapse of his crypto exchange. Go to Source
Is government oversight non-negotiable for the future of crypto?
Governments aren’t known for allowing anything to thrive without some oversight or control, but for the most part, crypto is proving to be an exception. Go to Source