Nishad Singh’s Lawyers Ask Judge to Spare Him Prison, Say He Is an ‘Uncommonly Selfless Individual’
Lawyers say that his early cooperation was critical to bringing cases against Sam Bankman-Fried and Ryan Salame.
Policy
Bitfinex Hacker Ilya Lichtenstein Should Serve 5 Years in Prison, DOJ Says
Prosecutors have requested that Ilya “Dutch” Lichtenstein, who pleaded guilty last year to the 2016 hack of crypto exchange Bitfinex, should spend five years behind bars for his crime.
Dubai’s VARA Has Struck Correct Balance in Licensing Time Frame, Says Senior Official
Dubai’s Virtual Assets Regulatory Authority believes it has struck the correct balance in terms of time taken to award licenses to crypto-related applicants, its senior official Sean McHugh told CoinDesk in an interview on Tuesday, disputing any perception of being a friendlier-than-usual crypto regulator.
Coinbase Escalates SEC Fight Over the Agency’s Inside Chatter on ETH
An intermediary for the biggest U.S. crypto exchange, Coinbase Inc. (COIN), is cranking up its legal fight over the Securities and Exchange Commission’s unwillingness to produce documents revealing the regulator’s internal thinking on whether to pursue Ethereum’s ether {{ETH}} and other tokens as illegal securities.
Kamala Harris to Back Crypto Reg Framework in Speech Today, Campaign Says
Vice President and Democratic nominee Kamala Harris will announce her support for a regulatory framework for crypto as part of a speech targeting Black Men, her campaign announced Monday morning.
Man Who Accidentally Sent $527M in Bitcoins to Dump Sues Local Council to Retrieve Them: Report
In 2013, Howells accidentally threw out the hard drive his bitcoin stash that he had mined in 2009, worth around $1 million at the time but which now would be worth over $520 million.
Crypto Neobank Banq’s Bankruptcy Case Dismissed by U.S. Judge
The filing was dismissed because a U.S. judge who called the application a “bad faith” tactic.
FTX’s Salame Hoped Dog Bite Would Delay Prison, But Tucker Carlson Derailed Effort
Former FTX executive Ryan Salame, convicted of violating U.S. election laws in his contribution of millions of dollars in the previous congressional elections, has been rebuffed in an 11th-hour attempt to delay his prison sentence to treat a dog bite to his face.
Bitnomial Exchange Sues U.S. SEC, Alleging Regulatory Overreach
Bitnomial’s action follows a similar suit filed by Crypto.com on Tuesday.
Binance Executive Tigran Gambaryan Denied Bail in Nigeria
The Binance executive has been detained in Nigeria since February.