Editor’s Note: With $3.6 billion in bitcoin on the line, nChain founder and self-proclaimed Satoshi Nakamoto’s Craig Wright is about to argue that he shouldn’t be fined $650,000 for lying in court, because he didn’t. The court filing, which Modern Consensus has seen before it enters the public record, is part of Wright’s attempt to fend off a claim on half of a cache of 1,000,000 bitcoin mined in the early days of bitcoin by its creator, Satoshi Nakamoto. Wright is being sued by the estate of his late partner, Dave Kleiman. So far Wright has been hammered in court. Magistrate Judge Bruce Reinhart, who oversaw a pre-trial stage of the…
RECoin, Diamond ICO scammer Maksim Zaslavskiy jailed 18 months
Prosecution of the RECoin and Diamond initial coin offering set precedent defining cryptocurrencies as securities
Maksim Zaslavskiy was sentenced to 18 months in prison on November 18 for conspiracy to commit securities fraud in the RECoin and Diamond initial coin offerings.
Telegram to SEC: Liar, liar, pants on fire!
The maker of the TON blockchain’s whiny response to the agency’s lawsuit stopping a $1.7 billion token sale is the latest example of the industry’s willingness to fight the Securities and Exchange Commission
The Securities and Exchange Commission doesn’t understand cryptocurrencies, is unfair, and is out of touch with what its own commissioners are saying in public.
Crypto Capital crony Oz Yosef indicted
Another shadow banker has been charged in connection with the theft of $880 million from cryptocurrency exchange Bitfinex.
Federal prosecutors have indicted Oz Yosef, a principal of Crypto Capital Corp., on three counts of bank fraud and conspiracy in cryptocurrency exchange Bitfinex's $880 million loss.
