Sam Bankman-Fried’s Ex-Lover Caroline Ellison Sentenced To 2 Years In Prison For Involvement With FTX
Caroline Ellison, a former top executive in Sam Bankman-Fried’s collapsed crypto empire, was sentenced to two years in prison on Tuesday.
Caroline Ellison, a former top executive in Sam Bankman-Fried’s collapsed crypto empire, was sentenced to two years in prison on Tuesday.
Cryptocurrency hackers made the claim to fame after they broke into fast-food chain McDonald’s official Instagram account. They took advantage of the hack to promote a fake digital currency, running off with $700,000 in stolen money.
The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier.
Bitcoin galloped past $45,000 for the first time since April 2022, buoyed by optimism around the possible approval of exchange-traded spot bitcoin funds.
Bitcoin jumped on Friday above $30,000 for first time since July, taking gains for the week past 10%.
New York state prosecutors have filed a lawsuit against three cryptocurrency firms, alleging that the companies engaged in fraudulent activities that resulted in more than 230,000 investors losing a collective $1.1 billion.
with Chris Markowski
United States prosecutors have unveiled a new indictment against Sam Bankman-Fried, accusing the FTX cryptocurrency exchange founder of paying a $40 million bribe to Chinese officials.
FTX’s co-founder and Director of Engineering Nishad Singh has pleaded guilty to U.S. federal fraud and conspiracy charges.