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Next Big Cryptocurrency Court Cases Unfold

Apr 5, 2024

The high-profile SBF saga recently reached a conclusion with the 25-year sentencing of FTX co-founder, Sam Bankman-Fried. However, the cryptocurrency court action continues throughout the United States judicial system.

Binance co-founder, Changpeng Zhao, will soon receive his sentencing towards the end of the month. Bankman-Fried might also appeal his sentence as his lawyers had been planning, given that he was found guilty last November.

Several other cryptocurrency-related cases involving key executives facing the U.S. courts include: - The former Binance CEO, Changpeng Zhao, pleaded guilty to money laundering alongside Binance.US and faced a $4.3 billion settlement, with up to 18 months in jail. - Executives from FTX, such as Zixiao Wang, Nishad Singh, and Caroline Ellison, are expected to be sentenced following deals to plead guilty. - Terraform Labs' Do Kwon faced fraud and market manipulation charges from U.S. prosecutors. - Strategist Avi Eisenberg's legal trial for fraud and manipulation charges is set for April 8, related to the exploitation of DeFi protocol Mango Markets. - Roman Storm, developer of Tornado Cash, is set for trial in September, facing charges of money laundering. - Alex Mashinsky, founder of Celsius, will start his criminal trial in September, charged with various fraud and market manipulation offenses. - SafeMoon CEO, Braden John Karony, faced securities, wire fraud, and money laundering charges. - Founders of KuCoin, Chun Gan, and Ke Tang, were charged with failing to keep a proper anti-money laundering program. - SEC has filed multiple lawsuits against various crypto firms, including Coinbase, Kraken, Tron, Gemini, Ripple, and others, mainly for selling unregistered securities.

The investigations and legal proceedings into these cases are ongoing in the U.S. judicial system.

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