Rodney Burton used to promote crypto alongside Jamie Foxx and Rick Ross; now, he faces decades in prison on wire fraud and money laundering charges.
U.S. federal courts have imposed about 83 years of prison terms on crypto company leaders since early 2024. That total grew yesterday with Terraform Labs co-founder Do Kwon’s 15-year sentence tied to the TerraUSD and Luna collapse. Kwon was sentenced in December 2025 after pleading guilty to two fraud charges. According to AP News, the […]
The post Crypto CEOs “41-year” prison run rate predicts a brutal future doubling the 83-year record Do Kwon just set appeared first on CryptoSlate.
Terraform Labs founder Do Kwon was sentenced for his role in the collapse of the Terra and Luna tokens on Thursday.
Do Kwon faces sentencing in U.S. federal court on Dec. 11, 2025. Prosecutors sought a 12-year term and the defense asked for no more than five, with Judge Paul A. Engelmayer presiding and South Korea charges still pending. The proceeding follows a June 2024 final judgment in the SEC’s civil case that imposed about $4.47 […]
The post How Do Kwon’s jail sentence forces a brutal “truth test” that many algorithmic tokens will instantly fail appeared first on CryptoSlate.
Two Bitcoin wallets linked by analysts to Silk Road–era activity last moved 3,421 BTC in May this year. Now, follow-on activity on Dec. 10 added a fresh pulse to a year of dormant-supply awakenings. According to the Digital Watch Observatory, the May spends totaled about 3,421 BTC, roughly $322.5 million at the time. The sequence […]
The post Silk Road Bitcoin wallets just woke up, but one critical on-chain detail defies the usual crash narrative appeared first on CryptoSlate.
Binance co-CEO Yi He said her WeChat account was hijacked on Dec. 10 after a cell number tied to the profile was reclaimed and could not be recovered at first. The account was later restored after Binance worked with WeChat’s security team, according to a spokesperson cited the same day. Posts that appeared after the […]
The post Binance CEO had WeChat hacked by cellphone exploit that likely leaves your own crypto exposed appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Judge asked whether Kwon might be freed abroad and asked for details on victims, time-served credit and unresolved charges ahead of sentencing.
Tangeman assisted the scheme by using a bulk-cash converter to exchange the stolen crypto into cash, which was used to obtain rental homes.
The suspected token, called "year of the yellow fruit," was promoted using official Binance channels just seconds after it was issued onchain.
In Malaysia’s illegal Bitcoin (BTC) mining hotspots, the hunt begins in the sky. Drones buzz over rows of shops and abandoned houses, sweeping for pockets of unexpected heat, which is the thermal signature of machines that shouldn’t be running. On the ground, police carry handheld sensors that sniff out irregular power use. Sometimes the pursuit […]
The post Bitcoin thieves stole $1.1B using fake bird noises: Now Malaysia hunts heat signatures from the sky appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.S. prosecutors say Do Kwon should get 12 years in prison for his role in the remarkable $40 billion dollar collapse of Terra.
Authorities across Europe took down a massive crypto fraud and laundering network tied to fake investment platforms, deepfake ads and call-center operations.
Coordinated raids led to arrests, multimillion-dollar seizures, and the disruption of key infrastructure, according to Europol.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The defendants were found to have used fake companies and cryptocurrency transactions to conceal the origin of the illicit funds.
Europol dismantled a crypto-mixing platform it said is used by ransomware groups and darknet markets to launder bitcoin, seizing servers, data and $29 million in BTC.
A suspect posing as a delivery worker entered a Mission Dolores home near 18th and Dolores around 6:45 a.m. on Nov. 22, restrained the resident, and stole a phone, laptop, and about $11 million in cryptocurrency, according to the San Francisco Chronicle. San Francisco police had not announced arrests or provided asset details as of […]
The post A fake delivery driver stole $11 million in crypto this weekend as home invasion heists increase – report appeared first on CryptoSlate.
The playbook was simple enough to work once: dress as delivery drivers, knock on the door, force entry at gunpoint, and extract private keys under threat. In June 2024, three men executed that script at a residential address in the UK and walked away with more than $4.3 million in cryptocurrency. Five months later, Sheffield […]
The post This $4.3M crypto home invasion shows how a single data leak can put anyone’s wallet — and safety — at risk appeared first on CryptoSlate.
An Argentine congressional committee released a 200-page report finding a pattern of misconduct in President Javier Milei's Libra crypto promotions.
The Basis Markets project raised $28 million in late 2021, but never launched the platform it claimed to be working on, and went dark shortly after, offering no refunds.
Samourai Wallet co-founder William Lonergan Hill was sentenced to four years in prison for his role in operating a crypto mixing service.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The founder of a Chicago cryptocurrency company has been charged for his role in an alleged $10 million money laundering scheme.
In 2023, O'Connor, 26, pleaded guilty in the U.S. on multiple charges and was later sentenced to five years in prison.
The DOJ seized $15 million in Tether in order to return the funds to their rightful owners as part of an ongoing campaign against North Korean hackers.
An Oklahoma man was sentenced to spend five years in prison for running a fraudulent $9.4 million crypto scheme.
The proposed law, part of the "anti-faction bill", would treat cryptocurrencies like foreign currencies and financial securities.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.