Legal Storm Brewing? Former FTX Executive Prepares To Enter Guilty Plea
Former FTX executive Ryan Salame is set to make a highly anticipated appearance in Manhattan federal court on Thursday, a proceeding that typically indicates a defendant has reached a plea deal, according to a Reuters report. The court hearing will be presided over by US District Judge Lewis Kaplan, who also oversees the criminal case […]
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BitMEX co-founder Samuel Reed pleaded guilty to anti-money laundering offenses and agreed to pay a $10 million fine, according to a statement from the US Attorney’s Office on Thursday. Reed is the exchange’s third founder to enter a plea agreement with US prosecutors. The news comes on the heels of other co-founders — Ben Delo […]
In the ongoing legal saga involving key figures of the defunct crypto exchange FTX, Ryan Salame, a former executive at the exchange, has filed a motion to challenge his current plea agreement with US authorities. Prosecutors Alleged Breach Of Agreement As reported by CNBC, Salame, who previously pleaded guilty to charges related to campaign finance and […]
Gregory Dwyer becomes the last one from the exchange’s management to enter a plea. Another top executive joins three co-founders of the crypto exchange BitMEX, pleading guilty in the United States District Court for the Southern District of New York. The court case under the headline "U.S. v. Hayes et al." goes on for two years, with BitMEX management being indicted for violating the U.S. Bank Secrecy Act. According to the Wall Street Journal, on Aug. 8, a one-time head of business development at BitMEX, Gregory Dwyer, admitted his guilt of violating the Bank Secrecy Act in court. As part....
Further details have emerged of former BitInstant CEO Charlie Shrem's plea bargain with US authorities, which saw him plead guilty to aiding and abetting an unlicensed money-transmitting business on 4th Sept. Reuters reported that both Shrem and Robert Faiella, a co-conspirator who pleaded guilty separately, both agreed to forfeit $950,000 to the government as a condition of their deals. According to the New York Times, Shrem entered his plea in an unwavering voice, appearing "stoic" and calm - a departure from his usually charismatic presence. "I knew that what I was doing was wrong. I am....
The plea deal ends a nearly two-year legal battle between Griffith and U.S. prosecutors tied to a presentation the developer gave in Pyongyang. Ethereum (ETH) developer Virgil Griffith has pleaded guilty to a federal charge that he conspired with North Korea to violate United States sanctions law. On Monday, Griffith pleaded guilty in New York for conspiring to violate the International Emergency Economic Powers Act, which forbids U.S. citizens from exporting technology and intellectual property to communist countries. As part of the plea deal, Griffith could face up to six-and-a-half....