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The first tweet from #changpengzhao (CZ) after being released from #prison . đ
#BinanceLaunchpoolHMSTR #BTCPredictedNewATH #moonbix
#BinanceLaunchpoolHMSTR #BTCPredictedNewATH #moonbix
Crypto giant Binance's founder, Changpeng Zhao (CZ), is now serving a 4-month prison sentence in California. This comes after he pleaded guilty to charges related to allowing money laundering on his exchange.
Prosecutors had initially sought a much harsher sentence of 3 years, but Zhao received leniency due to his admission of guilt. He expressed remorse for failing to implement proper anti-money laundering measures at Binance.
This sentencing is part of a larger settlement Zhao reached with the US government in November 2023. The deal concluded a lengthy investigation into Binance and resulted in Zhao's resignation as CEO. He was also hit with a personal fine of $50 million, on top of the $4.3 billion in fines imposed on Binance itself.
CZ's case isn't an isolated incident. The crypto industry is facing a wave of legal troubles. This is further highlighted by the recent 25-year sentence for Sam Bankman-Fried, founder of the collapsed FTX exchange, who was convicted of fraud.
#BinanceSquareFamily #czprison #prison #changpengzhao $BNB
Prosecutors had initially sought a much harsher sentence of 3 years, but Zhao received leniency due to his admission of guilt. He expressed remorse for failing to implement proper anti-money laundering measures at Binance.
This sentencing is part of a larger settlement Zhao reached with the US government in November 2023. The deal concluded a lengthy investigation into Binance and resulted in Zhao's resignation as CEO. He was also hit with a personal fine of $50 million, on top of the $4.3 billion in fines imposed on Binance itself.
CZ's case isn't an isolated incident. The crypto industry is facing a wave of legal troubles. This is further highlighted by the recent 25-year sentence for Sam Bankman-Fried, founder of the collapsed FTX exchange, who was convicted of fraud.
#BinanceSquareFamily #czprison #prison #changpengzhao $BNB
Sam Bankman-Fried files appeal for felony conviction #conviction
Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial and was convicted of seven felony counts and sentenced to 25 years in prison.
$BTC
Lawyers representing former cryptocurrency exchange FTX CEO Sam âSBFâ Bankman-Fried have filed a long-anticipated appeal for his conviction on seven felony counts and his 25-year prison sentence. #prison
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In a Sept. 13 filing in the United States Court of Appeals for the Second Circuit, SBFâs lawyers filed a 102-page brief claiming that the former FTX CEO was ânever presumed innocent,â subject to scrutiny that allegedly affected prosecutors, the presiding judge, and treatment by the media.
Bankman-Friedâs legal team announced in April â a few weeks after a federal judge sentenced him to 25 years in prison â that they intended to appeal. #AppealForSupport
$BNB
According to the appeal, SBFâs lawyers alleged the jury was âonly allowed to see half the pictureâ with FTX user funds, claiming prosecutors had âpresented a false narrativeâ that the money was permanently lost and Bankman-Fried intentionally caused that loss.
They also claimed that counsel for the FTX debtors worked with the US government in a way that was above and beyond âcooperation,â providing information allegedly as an âarm of the prosecution.â #ProsecutionDefense
âFrom day one, the prevailing narrativeâinitially spun by the lawyers who took over FTX, quickly adopted by their contacts at the US Attorneyâs Officeâ was that Bankman-Fried had stolen billions of dollars of customer funds, driven FTX to insolvency, and caused billions in losses,â said the appeal.
âNow, nearly two years later, a very different picture is emergingâone confirming FTX was never insolvent, and in fact had assets worth billions to repay its customers. But the jury at Bankman-Friedâs trial never got to see that picture.â #PICTURE
The legal team requested the appellate court grant SBF a new trial with a different judge.
Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial and was convicted of seven felony counts and sentenced to 25 years in prison.
$BTC
Lawyers representing former cryptocurrency exchange FTX CEO Sam âSBFâ Bankman-Fried have filed a long-anticipated appeal for his conviction on seven felony counts and his 25-year prison sentence. #prison
$ETH
In a Sept. 13 filing in the United States Court of Appeals for the Second Circuit, SBFâs lawyers filed a 102-page brief claiming that the former FTX CEO was ânever presumed innocent,â subject to scrutiny that allegedly affected prosecutors, the presiding judge, and treatment by the media.
Bankman-Friedâs legal team announced in April â a few weeks after a federal judge sentenced him to 25 years in prison â that they intended to appeal. #AppealForSupport
$BNB
According to the appeal, SBFâs lawyers alleged the jury was âonly allowed to see half the pictureâ with FTX user funds, claiming prosecutors had âpresented a false narrativeâ that the money was permanently lost and Bankman-Fried intentionally caused that loss.
They also claimed that counsel for the FTX debtors worked with the US government in a way that was above and beyond âcooperation,â providing information allegedly as an âarm of the prosecution.â #ProsecutionDefense
âFrom day one, the prevailing narrativeâinitially spun by the lawyers who took over FTX, quickly adopted by their contacts at the US Attorneyâs Officeâ was that Bankman-Fried had stolen billions of dollars of customer funds, driven FTX to insolvency, and caused billions in losses,â said the appeal.
âNow, nearly two years later, a very different picture is emergingâone confirming FTX was never insolvent, and in fact had assets worth billions to repay its customers. But the jury at Bankman-Friedâs trial never got to see that picture.â #PICTURE
The legal team requested the appellate court grant SBF a new trial with a different judge.
A Georgia man has been sentenced to prison for cryptocurrency computer fraud.
Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S.
In addition to his prison sentence, U.S. District Court Judge J. Randal Hall ordered Drawdy to pay over $1.1 million in restitution and to serve three years of supervised release after his prison term.
This just shows the importance of staying vigilant and informed in the world of cryptocurrency. It's a reminder that we need to protect our digital assets and be aware of potential threats. Stay safe out there, folks! #Georgia #prison
Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S.
In addition to his prison sentence, U.S. District Court Judge J. Randal Hall ordered Drawdy to pay over $1.1 million in restitution and to serve three years of supervised release after his prison term.
This just shows the importance of staying vigilant and informed in the world of cryptocurrency. It's a reminder that we need to protect our digital assets and be aware of potential threats. Stay safe out there, folks! #Georgia #prison
CZâS FRIDAY FREEDOM: THE BILLIONAIREâS COMEBACK!
On Friday, Binance founder Changpeng Zhao, known as CZ, stepped out of prison with his $60 billion fortune intact after serving a four-month sentence for AML issues.
Now a free man, CZ is expected to reunite with family in Dubai or Paris.
Though he's no longer Binanceâs CEO, he remains its largest shareholder, holding significant influence.
At just 47, CZâs journey in crypto and philanthropy is far from over.
Stay tuned!
#czprison #BinanceCEO #prison #BinanceSquareFamily #BinanceEverywhere
$HMSTR
$CATI
$DOGS
On Friday, Binance founder Changpeng Zhao, known as CZ, stepped out of prison with his $60 billion fortune intact after serving a four-month sentence for AML issues.
Now a free man, CZ is expected to reunite with family in Dubai or Paris.
Though he's no longer Binanceâs CEO, he remains its largest shareholder, holding significant influence.
At just 47, CZâs journey in crypto and philanthropy is far from over.
Stay tuned!
#czprison #BinanceCEO #prison #BinanceSquareFamily #BinanceEverywhere
$HMSTR
$CATI
$DOGS
đâïžđ Indian National Sentenced to Five Years in Prison for $20 Million Cryptocurrency Fraud đâïžđ
Chirag Tomar, a citizen of India, has been sentenced to five years in #prison for a fraud scheme that stole over 20 million by using fake websites that impersonated the cryptocurrency exchange #Coinbase
The scheme began in June 2021, creating a counterfeit site that mimicked Coinbase Pro, tricking users into entering their login credentials.
After accessing victims' accounts, the fraudsters transferred the #cryptocurrency to wallets under their control, moving funds across multiple addresses to evade detection.
Tomar used the stolen money to support a lavish lifestyle, including luxury watches and high-end cars.
Arrested on December 20, 2023, at Atlanta airport, he pleaded guilty to wire fraud conspiracy in May 2024.
He will serve 60 months in prison, followed by two years of supervised release.
The case was investigated by the United States Secret Service and the FBI.
Chirag Tomar, a citizen of India, has been sentenced to five years in #prison for a fraud scheme that stole over 20 million by using fake websites that impersonated the cryptocurrency exchange #Coinbase
The scheme began in June 2021, creating a counterfeit site that mimicked Coinbase Pro, tricking users into entering their login credentials.
After accessing victims' accounts, the fraudsters transferred the #cryptocurrency to wallets under their control, moving funds across multiple addresses to evade detection.
Tomar used the stolen money to support a lavish lifestyle, including luxury watches and high-end cars.
Arrested on December 20, 2023, at Atlanta airport, he pleaded guilty to wire fraud conspiracy in May 2024.
He will serve 60 months in prison, followed by two years of supervised release.
The case was investigated by the United States Secret Service and the FBI.
Prison Sentence for Vitalik Buterin? Cardanoâs Charles Hoskinson Sparks Controversy
On Monday, the crypto world buzzed with anticipation as CoinDesk unveiled its prestigious list of the most influential personalities in 2023. A familiar name stood out prominentlyâVitalik Buterin, the co-founder of Ethereum, had secured the coveted title four times since 2014, establishing himself as a powerhouse within the crypto space.
However, this time around, the question loomed: could Buterin clinch a fifth consecutive win?
Before delving into the unexpected twist, itâs crucial to acknowledge the stellar lineup presented by CoinDesk. Alongside Buterin, recurring figures on the list included the likes of Balaji Srinivasan, Satoshi Nakamota, Andre Cronje, and other luminaries who have significantly shaped the crypto landscape.
Discussions about influential figures took an unexpected turn when Charles Hoskinson, the visionary mind behind Cardano, introduced a touch of humor and controversy. Renowned for his contributions to the blockchain space, Hoskinson stirred the pot by suggesting an 18% chance of a prison sentence for none other than Ethereumâs co-founder, Vitalik Buterin.
This surprising twist emerged during the release of CoinDeskâs latest list, sparking a ripple of reactions within the crypto community.
As the community eagerly speculated on the potential outcome of the 2023 rankings, a broader question surfaced, setting the stage for Charles Hoskinsonâs unanticipated contribution.
In the midst of the excitement surrounding the influential list, Charles Hoskinson seized the opportunity to inject a dose of humor.
Some speculators within the crypto sphere posited that Hoskinsonâs comment might be a subtle attempt to downplay Buterinâs influence, adding another layer to the ongoing narrative of competition between Cardano and Ethereum enthusiasts.
#prison #cardano #charleshoskinson #BinanceTournament #CryptoScoop
$ADA $BTC $ETH
On Monday, the crypto world buzzed with anticipation as CoinDesk unveiled its prestigious list of the most influential personalities in 2023. A familiar name stood out prominentlyâVitalik Buterin, the co-founder of Ethereum, had secured the coveted title four times since 2014, establishing himself as a powerhouse within the crypto space.
However, this time around, the question loomed: could Buterin clinch a fifth consecutive win?
Before delving into the unexpected twist, itâs crucial to acknowledge the stellar lineup presented by CoinDesk. Alongside Buterin, recurring figures on the list included the likes of Balaji Srinivasan, Satoshi Nakamota, Andre Cronje, and other luminaries who have significantly shaped the crypto landscape.
Discussions about influential figures took an unexpected turn when Charles Hoskinson, the visionary mind behind Cardano, introduced a touch of humor and controversy. Renowned for his contributions to the blockchain space, Hoskinson stirred the pot by suggesting an 18% chance of a prison sentence for none other than Ethereumâs co-founder, Vitalik Buterin.
This surprising twist emerged during the release of CoinDeskâs latest list, sparking a ripple of reactions within the crypto community.
As the community eagerly speculated on the potential outcome of the 2023 rankings, a broader question surfaced, setting the stage for Charles Hoskinsonâs unanticipated contribution.
In the midst of the excitement surrounding the influential list, Charles Hoskinson seized the opportunity to inject a dose of humor.
Some speculators within the crypto sphere posited that Hoskinsonâs comment might be a subtle attempt to downplay Buterinâs influence, adding another layer to the ongoing narrative of competition between Cardano and Ethereum enthusiasts.
#prison #cardano #charleshoskinson #BinanceTournament #CryptoScoop
$ADA $BTC $ETH