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Crypto Criminals Ringing in the New Year Behind Bars: A Look at the High-Profile Cases

Several notorious figures from the crypto world are starting off the new year in prison, paying the price for their illicit activities. Here’s a rundown of some of the most well-known criminals now serving time for their roles in high-stakes frauds, money laundering, and more:

1. Sam Bankman-Fried (SBF): The former FTX CEO is serving a 25-year sentence after being convicted of conspiracy, fraud, and money laundering. He’s currently housed at the Metropolitan Detention Center in Brooklyn, facing the consequences of one of the largest crypto scandals in history.

2. Caroline Ellison: Former CEO of Alameda Research and SBF’s ex-girlfriend, Ellison has been sentenced to two years in prison for her involvement in the FTX collapse. She’s now serving her sentence at the Federal Correctional Institution in Danbury, Connecticut.

3. Ryan Salame: The ex-co-CEO of FTX Digital Markets pleaded guilty to fraud and was sentenced to seven and a half years behind bars. Salame is currently incarcerated at the Federal Correctional Institution in Cumberland.

4. Alexey Pertsev: Co-founder of Tornado Cash, Pertsev was convicted of money laundering in connection to the notorious mixing service. His over five-year sentence is being appealed, but for now, he’s behind bars, serving time for his role in facilitating illegal transactions.

5. David Carmona: The founder of the crypto Ponzi scheme IcomTech, Carmona was sentenced to 10 years in prison for orchestrating a massive fraudulent operation. He is currently serving his sentence at the Federal Correctional Institution in Ashland, Kentucky.

These individuals highlight the ongoing scrutiny and legal repercussions facing those involved in crypto crimes. As the crypto industry matures, these cases serve as a reminder of the risks of operating in an
unregulated space.
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