Chain News Daily Today TheBitTimes.com

Caroline Ellison, the former co-Chief Executive (CEO) of Alameda Research, has been sentenced to two years in prison for her role in the approximately $8 billion stolen from FTX customers. The 29-year-old pleaded guilty to seven counts of fraud and conspiracy in the lead-up to former FTX chief Sam Bankman-Fried’s criminal trial. Despite facing a maximum 110 years, her lawyers have argued that Ellison’s key testimony for the prosecution should have resulted in no prison time at all. Ellison’s prison sentence is far less than her ex-flame Bankman-Fried, who received 25 years behind bars. US District Judge Lewis Kaplan explained that Ellison has been particularly cooperative, stating, “I’ve seen a lot of cooperators in 30 years. I’ve never seen one quite like Ms. Ellison ,” though he made sure to acknowledge her role in the fraud. Which FTX and Alameda executives are going to prison and when? Read more: Executive texts claim Deltec moved customer funds from FTX to Alamed...

FTX and Alameda Research’s antics devastated the cryptocurrency ecosystem nearly two years ago when it was revealed by CoinDesk reporting that Alameda execs had used FTX as a piggy bank for their trading activities.  Over the last two years, several of those executives have been charged with various crimes, and some have already been sentenced to prison, among them former FTX CEO and Alameda founder, Sam Bankman-Fried.  Is Sam Bankman-Fried’s crypto trading firm Alameda Research broke? Sam Bankman-Fried Bankman-Fried was found guilty by a jury of his peers of conspiracy to commit wire fraud, wire fraud, conspiracy to commit securities fraud, conspiracy to commit commodities fraud, and conspiracy to commit money laundering.  He had previously been charged with other counts that have been dismissed, including conspiracy to operate an unlicensed money-transmitting business, conspiracy to defraud the Federal Election Commission (FEC), conspiracy to violate the anti-bribe...

Ross Ulbricht is celebrating his 40th birthday in prison today , on March 27. The darknet entrepreneur has been controversially im prison ed for nearly 11 years in the United States since he was 29. Ross Ulbricht, a former physics student, found ed Silk Road in 2011, an online marketplace that operated on the Tor network. Notably, the site primarily facilitated the unregulated voluntary exchange of goods and services by its users. Among them, the sale of illegal drugs, as well as other illicit goods and services, using Bitcoin (BTC) as its primary currency to maintain users’ privacy. Picks for you This $2.8 billion AI token skyrocketed 200% in a month  32 mins ago DeFi poised for transformative shift, according to Exponential.fi's 'State of DeFi' report 52 mins ago How much 20-year-olds should invest monthly to reach 1 million by age 50 1 hour ago Bitcoin price prediction as whales bag $7 billion BTC in a week 2 hours ago ...