💰 British-Chinese Woman Sentenced to 6 Years for Laundering Bitcoin in $6B Scam
In a high-profile case involving a massive cryptocurrency fraud, a British-Chinese woman, Jian Wen, has been sentenced to six years and eight months in prison for her role in laundering Bitcoin proceeds from a $6 billion investment scam in China. Wen, aged 42, was found guilty in March of laundering Bitcoin on behalf of her former boss, Yadi Zhang, whose real name is Zhimin Qian.
💰 FTX offloads remaining Anthropic shares as bankruptcy cost surpasses $700 million
FTX sold the remaining 15 million shares for about $30 each, netting over $450 million in proceeds. That brings the total haul from FTX's original $500 million investment in the company to about $1.3 billion, for a profit of around $800 million. The price per share for this second sale was the same for the first sale back in March.
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Donald Trump's Crypto Portfolio Tops $14M Post-Conviction — Meme Coin Holdings Soar, Says Arkham
Former U.S. President and presidential candidate Donald Trump’s crypto portfolio now exceeds $14 million, according to Arkham Intelligence’s onchain tracking tool. His crypto holdings include a significant amount of meme coins, which were airdropped to him by various developers. Trump has been convicted of 34 felony counts related to falsifying business records, marking the first time a former U.S. president has been declared a felon.
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