cryptocurrency regulation
Crypto Tycoon Do Kwon Sentenced to 15 Years for $40 Billion Cryptocurrency Fraud
Dec 12, 2025 11:56 am CST
Former cryptocurrency mogul Do Kwon has been sentenced to 15 years in prison by a US court for orchestrating a $40 billion fraud through his company Terraform Labs. Once celebrated in Forbes' 30 under 30 Asia list, Kwon created the "stablecoin" TerraUSD before its catastrophic collapse in 2022. After an international manhunt, he was arrested in Montenegro and now faces additional fraud charges in South Korea.
Pardoned Binance Founder Changpeng Zhao Faces New Lawsuit Alleging $415 Million Transfer to Terrorist Organizations
Nov 27, 2025 01:24 pm CST
Binance founder Changpeng Zhao, recently pardoned by President Trump, now faces a lawsuit from families of victims of the October 7 attack on Israel. The lawsuit alleges that Binance facilitated over $415 million in cryptocurrency transfers to terrorist organizations including Hamas and Hezbollah, with plaintiffs seeking treble damages under international terrorism compensation laws.
Binance Faces $1 Billion Lawsuit from Hamas Attack Victims for Allegedly Facilitating Terrorist Financing
Nov 25, 2025 02:10 pm CST
Over 300 victims and family members of the October 7, 2023 Hamas attack have filed a lawsuit against cryptocurrency platform Binance, claiming it knowingly facilitated over $1 billion in transactions for terrorist organizations. The plaintiffs allege that Binance, its co-founder Changpeng Zhao, and executive Guangying Chen violated anti-terrorism laws by enabling financial transactions that supported Hamas and other designated terrorist groups.
MIT Brothers' $25 Million Crypto Case Ends in Mistrial: Ethereum Sandwich Attack Controversy Explained
Nov 08, 2025 10:33 am CST
A federal judge declared a mistrial in the high-profile cryptocurrency fraud case against MIT graduates James and Anton Peraire-Bueno, who were accused of stealing $25 million through Ethereum blockchain exploits. The case centered on controversial "sandwich attacks" in crypto trading, highlighting the challenges of applying traditional legal frameworks to emerging digital asset technologies. Jurors were unable to reach a unanimous verdict after an emotionally taxing three-week trial that divided the cryptocurrency community.
Trump Pardons Binance Founder Changpeng Zhao: Implications for US Cryptocurrency Regulation and Industry
Oct 24, 2025 02:45 am CST
President Donald Trump has pardoned Binance founder Changpeng Zhao, who served prison time for Bank Secrecy Act violations. The pardon highlights shifting US cryptocurrency regulatory policies, as Trump's administration takes a more industry-friendly approach compared to Biden's enforcement-focused stance. Zhao, who founded the world's largest cryptocurrency exchange in 2017, has connections to Trump family crypto ventures, including World Liberty Financial, raising questions about the future of cryptocurrency regulation and enforcement in the United States.
MIT Brothers on Trial: $25 Million Ethereum Heist Raises Questions About Crypto Trading Ethics and Legality
Oct 15, 2025 02:08 pm CST
Two MIT-educated brothers face serious legal charges in Manhattan federal court for allegedly exploiting Ethereum blockchain vulnerabilities to secure $25 million. Their defense claims they merely outsmarted predatory trading bots in an unregulated market, while prosecutors allege sophisticated fraud. The case highlights the complex intersection of advanced technical expertise, cryptocurrency regulation, and emerging definitions of fraud in digital asset markets.