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Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme


Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency fraud scheme that caused $1.5 million in investor losses. From November 2020 to August 2022, Russell deceived multiple victims by promising high returns from cryptocurrency...

US Prosecutors Seek 5-7 Years for Former FTX Executive Ryan Salame


Prosecutors argue that former FTX executive Ryan Salame's crimes warrant a substantial prison term, beyond the 18 months previously requested by his lawyers, with sentencing scheduled for May 28. The post US Prosecutors Seek 5-7 Years for Former FTX Executive Ryan Salame appeared first on Cryptonews

Tornado Cash developer sentenced to 64 months for money laundering


The Dutch court has pronounced Alexey Pertsev guilty of money laundering, with a sentence of a 64-month-long jail term passed.  It was a three-judge bench that passed the verdict pertaining to the Tornado Cash builder for money laundering, amounting to $2.2 billion in unlawful assets.  There is...

Over One Million Pudgy Penguin Toys Sold in the Past Year


The Pudgy Penguins NFT project has achieved a remarkable milestone, with more than one million Pudgy Penguin toys sold over the past 12 months. The post Over One Million Pudgy Penguin Toys Sold in the Past Year appeared first on Cryptonews

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