A compliance officer for the cryptocurrency exchange told senior executives and Nigerian contacts that the company had been asked to pay $150 million in crypto.
Category: Virtual Currency
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Binance’s Founder Plans a Comeback Even as He Faces Prison Time
Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance, has networked across the United States to set up his next act.
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Countdown Is On for the Bitcoin ‘Halving’
Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to skyrocket.
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How a Crypto Compliance Officer Ended Up in a Nigerian Prison
Tigran Gambaryan, an American compliance official for the giant cryptocurrency exchange Binance, flew to Nigeria in February for a planned two-day business trip. He hasn’t returned.
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Sam Bankman-Fried Sentenced to 25 Years in Prison
Mr. Bankman-Fried, who was convicted of stealing $8 billion from customers of his FTX cryptocurrency exchange, faced a maximum sentence of 110 years.
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How Sam Bankman-Fried’s Sentence Compares With Other White-Collar Cases
Here’s how the former crypto mogul’s 25-year sentence stacks up against the prosecutions of Michael Milken, Bernie Madoff and others.
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What Meltdown? Crypto Comes Roaring Back in the Philippines.
Two years after the cryptocurrency market crashed, internet cafes for playing crypto-earning video games are opening and farmers have started harvesting virtual crops from the games for income.
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Prosecutors Say Sam Bankman-Fried Should Get 40 to 50 Years in Jail
Mr. Bankman-Fried, who was convicted of seven counts of fraud and conspiracy, faces a maximum penalty of 110 years.
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Bitcoin Price Extends Rally, Emboldening Crypto Industry
The cryptocurrency has recently set a series of records, extending a rapid rally that has emboldened the virtual currency industry to flex its political muscle.
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Is Crypto Back? What to Know About Bitcoin’s Surge.
Bitcoin just hit a record high, but there are big differences between now and the last crypto boom, when digital currencies became a cultural phenomenon.