Prison | Crypto

Manhattan court has opened the trial of two brothers accused of a $25M ethereum exploit; prosecutors have alleged fraud completed in 12 seconds, while the defense has argued the exploit was legal. The defense has sought to exclude Google search-history evidence; each faces up to 20 years per count. The post MIT-Educated Brothers Could Spend Decades in Prison for $25 Million Ethereum Scheme appeared first on Cryptonews.

The DOJ has described cryptojacking as the unauthorized use of others’ computing power to mine crypto. Charles O. Parks III has been sentenced to one year and a day; prosecutors have said he stole $3.5M in cloud resources and $1M in assets in 2021 for luxury spending.   The post Crypto Influencer Sentenced To Prison In Multi-Million Dollar ‘Cryptojacking’ Scam appeared first on Cryptonews.

Hungary’s new law has made trading crypto on unlicensed exchanges a felony and compell major fintech firms to freeze services for millions of users. The post Hungary Threatens 8 Years in Prison for Unauthorized Crypto Trading appeared first on Cryptonews.