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A federal judge heard statements from some of Terraform Labs’ and Do Kwon’s victims for hours before deciding on the co-founder’s sentence. Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison after pleading guilty to wire fraud and conspiracy to defraud. In a Thursday hearing in the US District…
One of the US attorneys behind the prosecution of former FTX executives testified as part of an evidentiary hearing exploring one of their plea deals. Danielle Sassoon, one of the US attorneys behind the prosecution of former FTX CEO Sam “SBF” Bankman-Fried, took the stand in an evidentiary hearing involving a deal with one of…
After a jury deadlocked on a verdict for two brothers accused of perpetrating a $25 million exploit on Ethereum, prosecutors are looking to retry them in 2026. Anton and James Peraire-Bueno, two brothers indicted for their alleged role in money laundering and fraud involving a $25 million exploit of the Ethereum blockchain, could face a…
Binance co-founder Changpeng Zhao’s presidential pardon cements criminal conviction without overturning guilt, opening civil liability floodgates while foreclosing appeal options permanently. Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association US President Donald Trump’s recent pardon of Binance co-founder Changpeng “CZ” Zhou has grabbed headlines. Some commentators hail the move as a way…
Data from Polymarket showed one user with a recently opened account made more than $30,000 exclusively through bets on the peace prize winner. Norwegian officials have reportedly launched an investigation into prediction platforms’ bets on 2025 Nobel Peace Prize winner María Corina Machado as potential espionage. According to a Bloomberg report on Monday, the Norwegian…
Ryan Salame is serving time in prison for charges related to FTX’s downfall, but his deal with US prosecutors is still being litigated through his wife’s criminal case. Nearly three years after the collapse of crypto exchange FTX, courtroom battles tied to its executives and their associates are still unfolding. This week, Michelle Bond, spouse…
Albania has turned to AI bot Diella to tackle public procurement, aiming to rein in the Balkan country’s long-standing issues with corruption and organized crime. Albania’s government AI-powered virtual assistant, which helps citizens obtain everything from driver’s licenses to pension applications and court filings, has just become one of the world’s first AI politicians. “Diella…
Almost two years after Sam Bankman-Fried was sentenced to 25 years in prison for his role in the downfall of crypto exchange FTX, the former CEO’s lawyers will return to court. Former FTX CEO Sam “SBF” Bankman-Fried, serving a 25-year sentence after his conviction on seven felony counts, will take the next step in his…
A former BJP legislator and 11 police officials have been convicted for the 2018 abduction of a Surat businessman in a plot to seize over 750 Bitcoin. An Indian anti-corruption court has sentenced 14 individuals, including 11 police officials and a former Bharatiya Janata Party (BJP) Member of Legislative Assembly (MLA), to life imprisonment in…
Iran crypto flows dropped 11% so far this year to July, amid conflict with Israel, a $90 million hack on local crypto exchange Nobitex and Tether freezing 42 wallets. Flows into Iranian crypto trading platforms have fallen in 2025 due to a breakdown in nuclear negotiations with Israel, a $90 million hack on Iran’s largest…