JAY STREET — Working with elaborate detail and website analysis, an investigative unit specializing in virtual currency in the Brooklyn DA’s office successfully disrupted a “pig butchering operation” that defrauded people from across the United States out of millions of dollars. Pig butchering refers to the practice of striking an online conversation with an unsuspecting
Sam Bankman-Fried. File Photo Sam Bankman-Fried, once hailed as a cryptocurrency prodigy, is slated for sentencing on Thursday after being found guilty in a significant financial fraud case. US prosecutors are pushing for a 40-50 year prison term following a New York jury’s conviction of Bankman-Fried, also known as SBF, in November. The trial, lasting
He also said that once he adjusted to prison life, he experienced a “magical feeling.” Zhu Su, co-founder of failed crypto hedge fund Three Arrows Capital was released from a Singapore prison last month after serving three months for noncooperation with liquidators. according to South China Morning Post. Mr. Su, in an upcoming podcast interview,