Our recap of this past week's news includes updates from major crypto crime cases, bitcoin miners, and the debate over privacy on Ethereum.
Another former FTX executive pleads guiltyin a New York federal court to charges of conspiracy to make unlawful political contributions and conspiracy to operate an unlicensed money transmitting business.
Released on a $1 million bond, Salame admitted to making $10 million in political contributions under the guise of loans. He also agreed to surrender $1.6 billion in assets and forfeit two properties and a Porsche. Salame is the fourth individual to plead guilty in relation to the crypto exchange FTX's collapse. He, along with co-conspirators, made over 300 illegal political donations, often using straw donors, according to prosecutors. Previously, Salame was investigated for potential campaign finance violations related to his girlfriend Michelle Bond's 2022 congressional race. Despite his guilty plea, SalameMashinsky’s assets ordered frozenfollowing an order from The U.S. District Court for the Southern District of New York, under Judge Jed Rakoff. This order encompasses funds at Goldman Sachs, Merrill Lynch, and SoFi Bank, as well as a residence in Austin, Texas.customers and misrepresented the profitability of Celsius. The company, which declared bankruptcy last year, is under scrutiny from various regulators, including the Securities and Exchange Commission, which accused Celsius and Mashinsky of fraudulently raising funds and misleading investors about the company's financial health. Both the Commodity Futures Trading Commission and the Federal Trade Commission have also filed lawsuits against Mashinsky. Despite these charges, Mashinsky, who posted a $40 million bond in July, maintains his innocence.In August, two prominent Bitcoin mining companies, Riot Platforms and Iris Energy, received substantial energy credits from the state of Texas for voluntarily reducing their power consumption during peak demand periods. Riot Platforms, which operates North America's largest bitcoin mining facility in Rockdale, Texas, curtailed its power usage by over 95% and
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Former crypto executive the latest to face charges in collapse of FTX exchangeAnother top executive at the failed FTX cryptocurrency exchange is scheduled to appear in court in New York Thursday afternoon to face undisclosed criminal charges.
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Ex-FTX Executive Ryan Salame Pleads Guilty to U.S. Criminal ChargesProsecutors say Sam Bankman-Fried used Salame as a “straw donor” to secretly funnel millions of dollars to Republican political candidates.
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Ex-FTX executive Salame agrees to plead guilty to US criminal charges, lawyer saysRyan Salame, the former co-CEO of FTX's Bahamian subsidiary and a top lieutenant to the cryptocurrency exchange's founder Sam Bankman-Fried, has agreed to plead guilty to conspiring to make unlawful contributions and defraud the Federal Election commission, Salame said on Thursday.
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Fourth FTX Executive Pleads Guilty In FTX Fraud CaseRyan Salame has agreed to pay $11 million in fines after confessing to campaign finance violations.
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Celsius Network Files 'Adversary Complaint' Against EquitiesFirst to Recoup AssetsCelsius Network reportedly owes $4.7 billion to over 100,000 creditors.
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