ChainCatcher news, according to Cointelegraph, former Alameda Research CEO Caroline Ellison is expected to report to prison on November 7 local time, having been convicted of participating in criminal activities related to the cryptocurrency exchange FTX.As of the publication of this article, the U.S. Federal Bureau of Prisons (BOP) website states that Ellison is not currently in custody, but it provides her inmate number along with her age, race, and gender. On September 24, U.S. District Judge Lewis Kaplan sentenced Ellison to two years in prison, and she is expected to surrender as early as November 7.

According to ChainCatcher, The Block reported that U.S. prosecutors recommended a five-year prison sentence for Ilya Lichtenstein, followed by three years of supervised release, for his involvement in money laundering activities related to the 2016 Bitfinex hack.In a sentencing memorandum submitted to the District of Columbia court, despite Lichtenstein's past involvement in cybercrime, the U.S. government still recommended a sentence below the standard range, considering his cooperation in the case and assistance in other investigations. For example, he had accused the operator of the crypto mixer Bitcoin Fog during the court proceedings.Prosecutors noted that a harsh sentence for Lichtenstein would help break the vicious cycle of young cybercriminals who find a sense of belonging in the online world due to social isolation and gradually become involved in crime.It is reported that in August 2023, Lichtenstein and his co-defendant Morgan pleaded guilty to money laundering charges related to the Bitfinex security breach, and when they were arrested, the U.S. Department of Justice conducted the largest financial seizure operation in history.

ChainCatcher news, according to Bloomberg, U.S. prosecutors have recommended to the judge that Ilya Lichtenstein, the mastermind behind the largest cryptocurrency theft in history, should be sentenced to five years in prison for his involvement in a money laundering scheme related to the $6 billion hack of the Bitfinex exchange in 2016. According to court documents revealed by the government on Tuesday, Lichtenstein, who pleaded guilty last year, should serve more time than his rapper wife and accomplice Heather Morgan.Last week, prosecutors indicated that Morgan, the rapper who calls herself the "Wall Street Crocodile," should be sentenced to 18 months in prison. Prosecutors stated that Lichtenstein fits the profile of young cybercriminals whose online activities "have become somewhat normalized, thereby diminishing the impact on victims." Government lawyers told a federal judge in Washington, "A harsh sentence in this case will help break this cycle."Prosecutors did not seek the maximum sentence for Lichtenstein but considered his cooperation in other criminal cases. Earlier this year, he testified in the government's prosecution of the Bitcoin Fog mixing service money laundering case. Sentencing is scheduled for November.

According to ChainCatcher, as reported by CoinDesk, former FTX executive Ryan Salame was sentenced for violating U.S. election laws after donating millions of dollars during the last congressional election. He attempted to delay his prison sentence at the last minute to treat a dog bite on his face, but was denied. Salame had criticized the charges against him on social media; he was originally supposed to begin serving over seven years in prison on August 29, but he told the court that he was bitten by a large German shepherd, which postponed his sentencing to October 11. Earlier this week, he requested another extension. However, during an interview with Tucker Carlson, there were no obvious signs that he was hindered by his injury—when the court rejected Salame's efforts, U.S. District Judge Lewis Kaplan of the Southern District of New York noted this fact.Salame claimed he needed "urgent and necessary medical and surgical care" and could not report to prison immediately, while prosecutors responded that he appeared to be in good condition. The prosecutors stated that when he appeared in court last month, he showed "no signs of drooling or slurred speech" while answering questions, and then he participated in Carlson's interview, during which Salame "appeared to be physically recovered and showed no signs of injury." The judge pointed out that Salame had already "benefited from an extremely generous delay in his incarceration," and the court expressed skepticism about the "validity" of Salame's claims.

ChainCatcher news, according to The Block, based on a document released on Wednesday, former FTX executive Ryan Salame's lawyer requested the court to postpone his sentencing date from October 11 to December 7 to treat injuries he sustained from a dog attack during the summer. This is Salame's second request to delay his sentencing. His lawyer stated that the government disagrees with their request.Salame served as co-CEO of FTX Digital Markets and was sentenced to seven and a half years in prison last year after pleading guilty. Salame admitted in September to conspiracy to make illegal political donations and conspiracy to operate an unlicensed money transfer business.

ChainCatcher news, former FTX Digital Markets CEO Ryan Salame has withdrawn his previous request to overturn his 7.5-year sentence. This move stems from a disagreement triggered by the U.S. government's investigation into his partner Michelle Bond. Salame's lawyer previously claimed that prosecutors promised not to investigate Bond during negotiations, thus coercing Salame into pleading guilty.However, Bond was subsequently charged in connection with a plan involving FTX founder SBF to influence the U.S. electoral system.U.S. Attorney for the Southern District of New York Damian Williams accused Bond of illegally accepting donations from FTX-related parties during the 2022 congressional campaign. Judge Lewis Kaplan described Salame's request as "ambiguous" and "inconsistent," and reserved the right to impose sanctions against him. U.S. prosecutors denied having reached an agreement with Salame to not investigate Bond.Previous news, former head of FTX sister company Alameda Research Caroline Ellison is seeking to avoid prison time for her involvement in fraud.

ChainCatcher news, according to Cointelegraph, the representative lawyer of Bitcoin Fog founder Roman Sterlingov opposed a "long" prison sentence after his money laundering conviction. In a document submitted to the U.S. District Court for the District of Columbia on August 15, Sterlingov's legal team did not seem to propose a specific sentencing recommendation in response to the prosecutor's request for a 20 to 30-year sentence, claiming that the government's recommendation was "unfounded" based on sentencing in similar cases.Previous news, the founder of the cryptocurrency mixing service Bitcoin Fog was convicted in federal court in Washington for laundering tens of millions of dollars for a darknet market known for selling illegal drugs.

ChainCatcher news, the Seoul Central District Court's Criminal Division 2 recently sentenced A and B, who were arrested and prosecuted for involvement in a criminal organization and fraud, to 5 years in prison each. C, who participated in the crime, was also sentenced to 2 years and 6 months in prison.The judge pointed out: "They collaborated with multiple accomplices to systematically carry out fraudulent activities, causing financial losses to the victims." He also stated, "Such criminal behavior has a negative impact on the overall healthy financial order of society and poses a significant threat."According to investigations, these individuals are suspected of creating fraudulent coins in the Incheon area from June last year to January this year, defrauding a total of about 300 million Korean won (approximately 210,000 USD) in investment funds from 6 victims.They contacted investors by offering the opportunity to purchase coins at a low price before they were listed. After investors bought a small amount of coins, these individuals impersonated employees of a securities company and contacted the investors again, proposing to buy back the coins at a high price, thus deceiving the victims. After the victims purchased a large amount of coins, these individuals disappeared and relocated their office, continuing their criminal activities.

ChainCatcher news, according to a report by Cointelegragh, in a document submitted to the U.S. District Court for the Southern District of New York on July 30, Judge Lewis Kaplan approved a motion filed by the lawyer of former FTX Digital Markets co-CEO Ryan Salame, allowing Salame's prison time to be postponed until October 13.Previous news, Ryan Salame applied to the court to delay his prison sentence due to being "bitten by a dog." Salame was bitten on the face by a German Shepherd while visiting a friend's house and requires surgical treatment. He was originally scheduled to begin serving a 7.5-year sentence on August 29 after being accused of misappropriating company funds and participating in secret political lobbying.

ChainCatcher news, the lawyer for former FTX Digital Markets co-CEO Ryan Salame has requested a delay in his prison sentence in a New York court to undergo emergency surgery. According to the lawyer, Salame was "severely bitten" by a German shepherd at a friend's house on June 29.Salame was originally scheduled to begin his sentence on August 29 of this year, but his lawyer is seeking to postpone the date to October 13. A doctor's diagnostic letter indicates that Salame was evaluated for facial dog bite injuries on July 3.In September of last year, Salame pleaded guilty to conspiracy to make illegal political donations and conspiracy to operate an unlicensed money transfer business, and he was sentenced to seven and a half years in prison. He had worked closely with former FTX CEO Sam Bankman-Fried. Bankman-Fried was sentenced to nearly 25 years in prison for fraud in March of this year.

ChainCatcher news, according to The Block, U.S. District Judge Kevin Castel has ordered the sentence of Ethereum developer Virgil Griffith to be reduced from 63 months to 56 months.In April 2022, U.S. prosecutors stated that Castel violated sanctions law by traveling to North Korea in 2019 "to give a talk on using cryptocurrency and blockchain technology to evade sanctions and provide technical advice," resulting in a 63-month prison sentence.

ChainCatcher news, according to Bloomberg, U.S. prosecutors stated that former FTX executive Ryan Salame should be sentenced to 5 to 7 years in prison. In a sentencing memorandum submitted to the Manhattan federal court on Tuesday, federal prosecutors indicated that Salame admitted to "committing serious offenses and requires a substantial sentence to ensure Salame receives a fair punishment." His lawyer argued that his prison time should not exceed 18 months.Prosecutors wrote: "Campaign finance violations are among the largest illegal activities in U.S. history, with unauthorized fund transfers trading over $1 billion without proper oversight." Salame is scheduled to be sentenced on May 28, and core members opposing SBF—Caroline Ellison, Nishad Singh, and Gary Wang—have yet to be sentenced.

ChainCatcher news, according to The Verge, the probation management department recommends a sentence of 5 months in prison, which is sufficient to deter the defendant and others.

ChainCatcher news, according to CNBC, FTX founder SBF's lawyer has filed a notice of appeal against SBF's federal fraud and conspiracy charges as well as the 25-year prison sentence.It is reported that SBF's appeal was filed two weeks after he was sentenced in the U.S. District Court in Manhattan, where he was ordered to pay a $11 billion fine for large-scale fraud involving the cryptocurrency exchange FTX and the related hedge fund Alameda Research. Prosecutors stated that this is one of the largest financial frauds in history.Additionally, the appeal is expected to be heard by a panel of three judges from the U.S. Court of Appeals for the Second Circuit in Manhattan.

ChainCatcher news, according to Bloomberg, Binance Holdings Ltd. and its CEO Changpeng Zhao face up to 10 years in prison, but under a plea agreement, the expected sentence will not exceed 18 months. The U.S. Department of Justice has not yet decided how long he will be imprisoned. The defense attorney stated in court that sentencing will be postponed for 6 months.At the hearing, Judge Brian Tsuchida ruled that Changpeng Zhao be released and can freely travel to and from his home in the UAE while awaiting sentencing. Zhao's bail was set at $175 million, and his lawyer previously stated that he was prepared to pay this amount to ensure his release. Due to the lack of an extradition treaty between the U.S. and the UAE, government lawyers had requested that Zhao remain in the country, stating they would appeal the release terms.

ChainCatcher news, according to South Korean media Decenter, the South Korean prosecution has requested an 8-year prison sentence for former Bithumb chairman Lee Jung-hoon on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes, the same as the first-instance ruling. Lee Jung-hoon is accused of fraud involving 110 billion won (approximately 85 million USD).

ChainCatcher news, according to CoinDesk, the High Court of Montenegro has rejected Terra founder Do Kwon's appeal against a four-month prison sentence for forgery, dismissing the appeal of the lower court's ruling as baseless, which was made in June.

ChainCatcher message, AP_Abacus posted on social media that, based on yesterday's testimony from SBF, some legal professionals have raised their minimum expectations for sentencing. Legal professionals expect SBF's sentence to be no less than 40 years. "This guy was lying until the end."