Citation Needed
The Binance CEO's sentencing draws near, and prosecutors have been busy chasing down other crypto criminals. Also, lawmakers take another stab at stablecoin regulation.
Read · Apr 17, 2024
Sam Bankman-Fried has filed his notice of appeal. This comes shortly after a request that he remain at MDC Brooklyn until his appeal has been fully briefed, to allow him better access to his counsel than he would have if moved to a federal penitentiary closer to his family in California.
Verdict against Terraform Labs and Do Kwon, responsible for the Terra/Luna algostablecoin collapse in May 2022.
![UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES AND EXCHANGE COMMISSION Plaintiffs, v TERRAFORM LABS PTE. LTD. and DO HYEONG KWON, Defendant. Verdict 1. On the SEC's first claim, under Section 17, we the jury find defendant Terraform Labs Pte. Ltd. ("Terraform"): Liable [If you answer "Liable" to Question 1, answer Question 2. Otherwise skip to Question 3.] 2. Having found Terraform liable on the SEC's first claim, we the jury find that Terraform acted [choose the highest you found]: Recklessly 3. On the SEC's first claim, under Section 17, we the jury find defendant Do Hyeong Kwon ("Kwon"): Liable [If you answer "Liable" to Question 3, answer Question 4. Otherwise, skip to Question 5.J 4. Having found Kwon liable on the SEC's first claim, we the jury find that Kwon acted [choose the highest you found]: Intentionally 5. On the SEC's second claim, for intentional or reckless violation of Rule 10b-5, we the jury find defendant Terraform: Liable](https://storage.mollywhite.net/micro/c71a3825f36ca1a65eac_1.png)
Google has filed a lawsuit against two scammers who they allege have submitted at least 87 fraudulent cryptocurrency and investment platform apps to the Google Play Store.
According to Google, at least 100,000 people have downloaded the apps, and some have suffered financial losses as a result.
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An interview with Ryder Ripps, a defendant in the Yuga Labs v. Ripps case about Bored Ape Yacht Club trademark infringement and racism.
Citation Needed
"The judgment has to adequately reflect the seriousness of the crime, and this was a very serious crime."
Sam Bankman-Fried has just been sentenced to 25 years in prison.
wow. one of the new victim impact statements filed tonight is from someone who lost almost six figures to a hack in 2021, had assets stuck on voyager after its july 2022 collapse, and then lost assets to FTX
he went from working in the industry to vocally advocating against it
prosecutors have filed another 150 pages of victim impact statements in SBF's case today. seems unlikely Judge Kaplan will have the time to read them before sentencing tomorrow morning, but it's good that they're in the record
![Re: United States v. Samuel Bankman-Fried, 1:22 CR 673 (LAK) Dear Judge Kaplan: VIA ECF Honorable Lewis A. Kaplan United States District Judge Daniel Patrick Moynihan United States Courthouse 500 Pearl Street New York, NY 10007 Defendant Sam Bankman-Fried was sentenced on March 28, 2024, primarily to 25 years imprisonment, to be served, if possible, near his family’s home in California. (ECF 424). Mr. Bankman-Fried respectfully requests, pursuant to Rule 38(b)(2) of the Federal Rules of Criminal Procedure, that the Court supplement its recommendation to the Bureau of Prisons (“BOP”) by issuing the attached proposed order recommending that the BOP allow him to remain at the Metropolitan Detention Center in Brooklyn to facilitate access to his appellate counsel pending the filing of the briefs in his anticipated appeal. Rule 38(b)(2) provides that “[i]f the defendant is not released pending appeal, the court may recommend to the Attorney General that the defendant be confined near the place of the trial or appeal for a period reasonably necessary to permit the defendant to assist in preparing the appeal.” Fed. R. Cr. Proc. 38(b)(2). See e.g., United States v. Carl, No. 07-CR-29-P-S, 2008 WL 4615556 (D. Me. Oct. 16, 2008) (issuing similar order). The government informs us that they take no position on this request. Respectfully submitted, /s/ Marc L. Mukasey](https://storage.mollywhite.net/micro/a356583fb9577a2a25b7_letter.png)
![6. On the SEC's second claim, for intentional or reckless violation of Rule 106-5, we the jury find defendant Kwon: Liable [If you answered "Not Liable" to Question 5, do not answer question 7. If you answered "Liable" to Question 5, proceed to Question 7.] 7. On the claim for control person liability regarding Terraform's violation of Rule 10b-5, we the jury find defendant Kwon: Liable FOREPERSON Date: 04/05/24](https://storage.mollywhite.net/micro/a4397273203403c5ae0a_2.png)
