NEWS & PRESS RELEASES
Loading latest news...
Back to News
Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case

Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case

By Crypto Economy
TL;DR US prosecutors are seeking the maximum five-year sentence for the co-founders of Samourai Wallet. They are accused of laundering $237M, although they only pleaded guilty to operating without a license. The defense alleges prosecutors hid that FinCEN did not consider Samourai a money transmitter.

Article Details

Market Sentiment
Negative
Category
general
Reading Time
1 min
Article Type
Article

Additional Information

Read the Full Article

Continue reading this article on Crypto Economy

Read Full Article

Source: Crypto Economy

Type: Article

Continue Reading

Stay informed with more cryptocurrency news and insights

Binance CEO Denies Role in Trump Family-Backed Stablecoin Deal
generalNegative

Binance CEO Denies Role in Trump Family-Backed Stablecoin Deal

Binance CEO Richard Teng denies involvement in selecting the Trump-backed USD1 stablecoin for a $2 billion MGX investment deal....

Blockonomi1 min
MyPrize Partners with Crypto.com to Bring Prediction Markets to Social Gaming
generalPositive

MyPrize Partners with Crypto.com to Bring Prediction Markets to Social Gaming

TL;DR The web3 and social gaming platform MyPrize has partnered with Crypto.com to offer more interactive and community-driven prediction markets. The...

Crypto Economy1 min
Appeals Court Seems Unmoved by Sam Bankman-Fried's Claims of an Unfair Trial
generalNegative

Appeals Court Seems Unmoved by Sam Bankman-Fried's Claims of an Unfair Trial

NEW YORK — Former FTX CEO Sam Bankman-Fried's chances of getting a fresh trial seem to be dwindling, judging by the pointed questions of an appellate ...

Coindesk1 min
Fulcrum launches fully insured crypto lending platform
generalPositive

Fulcrum launches fully insured crypto lending platform

Switzerland-regulated platform Fulcrum has announced the launch of its crypto-backed loans and lending platform, supporting top coins and stablecoins....

Crypto news1 min
Altcoins are getting killed, but will they flip green in November?
generalNegative

Altcoins are getting killed, but will they flip green in November?

More alts are down 60%+ YoY than those with gains....

AMBCrypto1 min
U.S. Sanctions North Korean Bankers and Firms Tied to Crypto Laundering
generalNegative

U.S. Sanctions North Korean Bankers and Firms Tied to Crypto Laundering

The U.S. Treasury has sanctioned eight individuals and two entities connected to North Korea laundering from cyber theft and IT worker schemes, citing...

Cryptonews1 min