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Two engineers at #cryptocurrency quant firm #Kronos Research were sentenced by the Taipei District Court after tampering with the company's trading simulation environment and predictive analysis code. The engineers were reportedly unhappy about not receiving bonuses, which led to their actions causing suboptimal #investment decisions in virtual currencies and resulting in a $1.4 million #loss for the company. The court sentenced one of the engineers, surnamed Chen, to eight months in prison, with the option to pay a fine instead of serving the sentence. The other engineer, surnamed Hsu, was sentenced to ten months, also with the option to pay a fine in lieu of imprisonment. $WOO

Two engineers at #cryptocurrency quant firm #Kronos Research were sentenced by the Taipei District Court after tampering with the company's trading simulation environment and predictive analysis code. The engineers were reportedly unhappy about not receiving bonuses, which led to their actions causing suboptimal #investment decisions in virtual currencies and resulting in a $1.4 million #loss for the company.

The court sentenced one of the engineers, surnamed Chen, to eight months in prison, with the option to pay a fine instead of serving the sentence. The other engineer, surnamed Hsu, was sentenced to ten months, also with the option to pay a fine in lieu of imprisonment.

$WOO

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