Changpeng Zhao gets 4 months, Sam Bankman-Fried gets 25 years — Why?
One former CEO went to trial and maintained his innocence, one admitted fault and turned himself in. Go to Source
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Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer
CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Aaron Lane. Go to Source
US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million. Go to Source
Changpeng Zhao four-month prison sentence lighter than expected
Prosecutors initially sought to charge the former Binance executive with 36 months. Go to Source
Ex-Binance CEO Changpeng Zhao sentenced to four months in prison
Changpeng Zhao, also known as CZ, pleaded guilty in November to violating U.S. money laundering laws and had been free to travel in the United States on a $175 million bond. Go to Source
Samourai Wallet co-founder pleads not guilty, released on $1M bond
The terms of Keonne Rodriguez’s bail prevent him from engaging in “any cryptocurrency transactions, directly or indirectly,” without prior approval from the court. Go to Source
Terraform proposes $1M penalty for SEC case, no relief or disgorgement
Lawyers for Terraform claimed that seeking disgorgement from the platform would involve the Luna Foundation Guard, a “non-party” in the SEC’s civil case. Go to Source
Bankruptcy judge signs off on $450M FTX-Voyager settlement
According to the terms of the deal, FTX will “relinquish any and all rights” to $450 million Voyager Digital has claimed from the crypto exchange. Go to Source
John Deaton files amicus brief in support of Coinbase appeal against SEC
The lawyer said he had filed a brief on behalf of 4,701 Coinbase customers for no charge as part of his advocacy work in the crypto space. Go to Source
Binance wants the court to know US government’s position on USDC
The U.S. government’s arguments on stablecoins in an unrelated criminal case could bolster Binance’s position in its civil case with the SEC. Go to Source