111–120 of 296 posts
Earlier quoted context omitted.
Yes. Add to your list the seizure of Signature Bank, and this week’s rumors of Operation Choke Point 2.0 focused on keeping commercial banks out of crypto
Crypto was a drop in the ocean. It just not that important. Something like 3% of the holdings of signature.
Amazing that it took this long to find and arrest him.
Earlier quoted context omitted.
He’ll be watching his back in prison, he’s got access to billions of dollars — or, at least, is perceived to. He has wronged a lot of people, too. Also, prison is a one way street: if he stays on the run, and some day things do get to the point where he would feel safer in prison, he could hand himself in. Once he’s in prison, he has no choice left.
The South Korean justice system is notoriously lenient on white-collar crime, and it's exceedingly rare even for violent criminals to be murdered in a Korean prison. The popular perception is that you can spend a couple of years in prison and enjoy your ill-gotten gains for the rest of your life with no further repercussions, provided you've hidden your money well enough. Guess what, the whole point of crypto is that…
Is this because of the courts or prosecutors? I don't see the latter being lenient with a fugitive.
Earlier quoted context omitted.
He’ll be watching his back in prison, he’s got access to billions of dollars — or, at least, is perceived to. He has wronged a lot of people, too. Also, prison is a one way street: if he stays on the run, and some day things do get to the point where he would feel safer in prison, he could hand himself in. Once he’s in prison, he has no choice left.
The South Korean justice system is notoriously lenient on white-collar crime, and it's exceedingly rare even for violent criminals to be murdered in a Korean prison. The popular perception is that you can spend a couple of years in prison and enjoy your ill-gotten gains for the rest of your life with no further repercussions, provided you've hidden your money well enough. Guess what, the whole point of crypto is that…
Earlier quoted context omitted.
Yes. Add to your list the seizure of Signature Bank, and this week’s rumors of Operation Choke Point 2.0 focused on keeping commercial banks out of crypto
Pretty sure Signature was taken over because they were in financial trouble.
https://archive.is/MEADq#selection-133.5-137.57
"Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank. While the Federal Deposit Insurance Corporation (FDIC) denied reports that any buyer of Signature Bank would need to divest its crypto business, the buyer, New York Community Bancorp-owned Flagstar Bank, did anyway."
https://www.pymnts.com/cryptocurrency/2023/everything-but-th...
Earlier quoted context omitted.
The South Korean justice system is notoriously lenient on white-collar crime, and it's exceedingly rare even for violent criminals to be murdered in a Korean prison. The popular perception is that you can spend a couple of years in prison and enjoy your ill-gotten gains for the rest of your life with no further repercussions, provided you've hidden your money well enough. Guess what, the whole point of crypto is that…
Guess what, the whole point of crypto is that it's easy to hide The opposite: hard to hide (thanks to blockchain) but also impossible to confiscate (assuming you did it right or don't cave in).
If the purpose of the confiscation is simply to freeze the funds, it seems many agencies can do so. If they're patient enough, they'll eventually catch the owner when the funds move.
Earlier quoted context omitted.
Justin Sun is a free man, and its possible he will remain free if he complies (pays a big fine). SEC charging someone with fraud is not the same as the feds indicting him.
He's wanted in Korea though. edit: the other guy. got lost in the thread I guess
Earlier quoted context omitted.
Ross literally hired hitmen to kill someone who owed him money. The fact that he didn’t know it was an undercover agent (pro tip if you hire a hit man and you aren’t customarily in ‘that life’ you are always hiring an undercover agent) is irrelevant. He still required and received ‘proof’ of the deed, a photo of the aftermath, staged of course. He was even cold blooded with the ‘collateral damage’ of the intended vic…
If that actually happened, why didn't they prosecute him for it?
They already got a life in prison and forfeiting $183,961,921 [0]. They don't need more, and there are other criminals to prosecute.
[0] https://www.justice.gov/usao-sdny/pr/ross-ulbricht-aka-dread...