‘Bitcoin Jesus’ Charged in $50 Million Tax Fraud
Photo: Dado Ruvic (Reuters) Early crypto investor Roger Ver, a.k.a. ‘Bitcoin Jesus,’ has been charged with a tax fraud, with the Department of Justice saying he evaded nearly $50 million…
Binance Founder Changpeng ‘CZ’ Zhao Sentenced to 4 Months in Prison
Binance founder and former CEO Changpeng “CZ” Zhao was sentenced to four months in federal prison on Tuesday, first reported by the Associated Press. Zhao pleaded guilty to money laundering…
The Tech Industry’s C-Suite Convicts, Ranked
Photo: TIMOTHY A. CLARY / AFP (Getty Images) Well, Sam Bankman-Fried is headed up the river. Once a powerful crypto power broker, SBF’s glittering Web3 kingdom came crashing down on…
Binance CEO Pleads Guilty to Money Laundering Violations, Will Step Down
Binance founder Changpeng Zhao (CZ) will step down from his CEO duties and plead guilty to criminal charges, paying a $50 million fine, according to court documents made public Tuesday.…
Binance May Sacrifice $4 Billion to Settle DOJ Case
The US Justice Department seeks $4 billion from Binance to end a years-long investigation into the world’s largest cryptocurrency exchange, according to Bloomberg. Negotiations are reportedly underway that could subject…
Crypto Exchanges, Not Just FTX, Are All a Mess Right Now
Photo: Benjamin Girette (Getty Images) The founders of cryptocurrency exchanges face a mountain of regulatory challenges and billions in personal losses. Binance CEO Changpeng Zhao personally lost $12 billion this year…
SBF Finally Testifies in Court With No Jurors Present
FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX,…
FTX Reportedly Has 3 Bidders Vying to Restart Its Crypto Exchange
Photo: mundissima (Shutterstock) FTX Trading is examining restarting the crypto exchange with three bidders, according to a Bloomberg report Tuesday. This comes nearly one year after the company filed for…
Whoops: DEA Falls for Crypto Scam, Hands Fraudster $55,000 in Stolen Funds
The same federal agency that once helped bring down the biggest crypto-based dark web drug marketplace Silk Road got swindled by one of the oldest tricks in the crypto scammer…
PayPal Dives Into Crypto Madness With Dollar-Pegged Stablecoin
PayPal is diving into the messy world of crypto with a new stablecoin pegged to the US dollar, aptly and uninventively named PayPal USD. The company’s entrance into the industry…