Jurors in New York state court on Thursday found Donald Trump guilty on all 34 felony counts of falsifying business records to cover up hush money payments to a porn star ultimately to influence the outcome of the 2016 presidential election.
The first-ever criminal trial of a former U.S. president wrapped up in Manhattan, marking an extraordinary moment in American history not only for a former leader, but for one who is seeking to again hold the Oval Office. Trump, the Republican Party's presumed 2024 presidential nominee, is now a convicted felon.
The jury deliberated for more than 11 hours, beginning Wednesday just before 11:30 a.m. Eastern and delivering the verdict to Justice Juan Merchan just after 5 p.m. Thursday, according to reporters at the courthouse.
New York does not allow recording in the courtroom but provides public transcripts of the proceedings. States Newsroom covered the trial in person on May 20.
Trump now faces penalties ranging from probation to up to four years in prison for each charge of falsifying business records in the first degree.
Merchan set a sentencing date for July 11 at 10 a.m. That's just days before the Republican National Convention, where Trump is expected to be officially nominated as the party's presidential candidate.
New York state prosecutors charged 34 felonies against the former president for each of the 11 invoices, 11 checks, and 12 ledger entries tied to reimbursing his former personal lawyer Michael Cohen.
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DMM Bitcoin, the cryptocurrency arm of Japanese Internet giant DMM.com, announced on Friday that more than $300 million in bitcoin had been stolen in a major security breach.
The exchange confirmed the incident but did not explain how the assets were stolen. DMM Bitcoin abruptly froze most of its services, including deposits, withdrawals, and trade of almost all cryptocurrencies.
"At approximately 1:26 p.m. on Friday, May 31, 2024, we detected an unauthorized leak of bitcoin from our wallet," DMM Bitcoin stated. The announcement, originally in Japanese, was translated into English and posted on the company's website.
The exchange reported that 4,502.9 bitcoin, worth roughly $306 million, had been taken in the breach. DMM Bitcoin assured its clients that their bitcoin deposits would be fully reimbursed. "Please rest assured that all of your bitcoin deposits will be fully guaranteed, as we will procure the equivalent amount of BTC that was leaked with support from our group companies," the statement read.
In a blog post on its website, DMM Bitcoin reiterated that measures had been taken to prevent further unauthorized outflows. The exchange has restricted all spot purchases on the platform and warned that Japanese yen withdrawals might take longer than usual due to the incident.
In 2018, rival exchange Coincheck suffered one of the biggest hacks in the industry's history, losing about $534 million worth of NEM (XEM) from its hot wallet. At the time, the Monex Group's subsidiary spent several weeks trying to identify the attackers and understand how the hack occurred.
The Coincheck hack had extensive repercussions for both the company and the broader Japanese cryptocurrency industry. Moreover, its reputation was severely damaged due to the hack. Besides the financial losses, the company faced widespread criticism for its inadequate security measures and failure to safeguard user funds.
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