Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials

Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese OfficialsSam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against Sam Bankman-Fried Sam Bankman-Fried (SBF), the co-founder and former CEO […]

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US Resident Operated Illegal Bitcoin Exchange Business – Faces 25 Years in Jail

An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between May 2018 and September 2020. Accordingly, Mejia […]

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Tesla Foils Ransomware Attack After Employee Rejects Bitcoin Bribe Worth $1 Million

Tesla Foils Ransomware Attack After Employee Rejects Bitcoin Bribe Worth $1 MillionTesla’s Elon Musk has said the company recently foiled attempts to infect its computer network with malicious software, after an employee cooperated with the FBI in an investigation. The malicious software would create an opportunity for criminals to extort money from Tesla. Musk’s revelation comes after the United States Department of Justice (DoJ) had brought […]

The post Tesla Foils Ransomware Attack After Employee Rejects Bitcoin Bribe Worth $1 Million appeared first on Bitcoin News.

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Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business

Bitcoin Trader Faces Five Years in U.S. Jail for Unlicensed Money Transmitting BusinessBitcoin trader Jacob Burrell-Campos pleaded guilty this week in a U.S. federal court to operating an unlicensed money transmitting business. The 21-year-old San Diego native is now awaiting sentencing and faces a maximum of five years in jail. Also Read: How to Easily Give BCH as Gifts in Halloween Trick-or-Treat Packages ‘Serious Threat’ to US […]

The post Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business appeared first on Bitcoin News.

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Josh Garza Sentenced to Prison and Fined $9M over GAW & Paycoin Scam

GAW/Paycoin 2014 Scam: Josh Garza Sentenced to 21mos Prison, $9M FineU.S. Attorney’s Office District of Connecticut has announced Homero Joshua Garza (Josh Garza) has been sentenced to “21 months of imprisonment, followed by three years of supervised release, the first six months of which [Mr. Garza] must spend in home confinement, for his role in his companies’ purported generation and sale of virtual currency.” The […]

The post Josh Garza Sentenced to Prison and Fined $9M over GAW & Paycoin Scam appeared first on Bitcoin News.

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