Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud

Silk Road Hacker Sentenced to a Year in Prison for Wire FraudOn April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more than 50,000 bitcoin from the darknet marketplace (DNM) in September 2012. DOJ […]

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Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

Revised Bill Suggests Prison Time for Russian Crypto Miners Evading TaxationA draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced Labor Awaits Miners and Traders Who Operate Outside Law, […]

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Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison

Russian Court Sends 3 Crypto Robbers to Strict-Regime PrisonThree Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence for Cryptocurrency Theft in Russia A court in the Russian […]

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Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request

Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition RequestDisgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department of Correctional Services (BDOCS) jail Fox Hill, an overcrowded prison known for being filthy and one that has been accused of prison maltreatment. Reuters Source […]

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French Lawyer Asks Russian Patriarch to Help Save Alexander Vinnik From ‘Political Trial’ in US

French Lawyer Asks Russian Patriarch to Help Save Alexander Vinnik From ‘Political Trial’ in USA member of the defense team of the alleged BTC-e operator Alexander Vinnik has called on the head of the Russian Orthodox Church to intervene in support of his client. The Russian national may be sentenced to over 50 years in prison for his role in the infamous cryptocurrency exchange. Prisoner Swap for Americans in […]

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