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Cryptocurrency News

Highlights

  1. Top FTX Executive Sentenced to 7½ Years in Prison

    Ryan Salame, the head of FTX’s subsidiary in the Bahamas, was the first of Sam Bankman-Fried’s deputies to be sentenced since the crypto exchange collapsed in November 2022.

     By David Yaffe-Bellany

    Ryan Salame, a trusted lieutenant of Sam Bankman-Fried, leaving federal court in Manhattan after his sentencing on Tuesday.
    CreditJefferson Siegel for The New York Times

  4. This Man Did Not Invent Bitcoin

    For years, Craig Steven Wright, an Australian cryptocurrency enthusiast, claimed to be Satoshi Nakamoto, the mysterious creator of Bitcoin. Then the courts got involved.

     By David Yaffe-Bellany

    CreditEddie Guy

  1. Biden Bans Chinese Bitcoin Mine Near U.S. Nuclear Missile Base

    An investigation identified national security risks posed by a crypto facility in Wyoming. It is near an Air Force base and a data center doing work for the Pentagon.

     By Michael Forsythe and Gabriel J.X. Dance

    The bitcoin mine in Cheyenne, Wyo., has been ordered to cease operations immediately.
    CreditStephen Speranza for The New York Times

  2. FTX Customers Poised to Recover All Funds Lost in Collapse

    Bankruptcy lawyers for FTX said customers of the cryptocurrency exchange were set to get all their money back, plus interest.

     By David Yaffe-Bellany

    The announcement was a landmark in the attempt to recover the $8 billion in customer assets that disappeared when FTX imploded.
    CreditMarco Bello/Reuters

  3. Behind Nigeria’s Arrest of Binance Employee, Claims of a Bribe Request

    A compliance officer for the cryptocurrency exchange told senior executives and Nigerian contacts that the company had been asked to pay $150 million in crypto.

     By David Yaffe-Bellany and Emily Flitter

    Tigran Gambaryan, right, a Binance employee, in a Nigerian courtroom on April 4. He was jailed during a trip to Nigeria in February.
    CreditAbraham Achirga/Reuters

  4. New York Woman Gets 18 Years for Funding Terrorism With Cryptocurrency

    Prosecutors said Victoria Jacobs sent funds to Bitcoin wallets controlled by a terrorist training group that operated in Syria.

     By Hurubie Meko and Maia Coleman

    Alvin L. Bragg, the Manhattan district attorney, said the case was the first time terrorism funding had been prosecuted in New York State Supreme Court.
    CreditMary Altaffer/Associated Press

  5. Binance Founder Sentenced to 4 Months in Prison

    Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, had pleaded guilty to a money-laundering violation.

     By David Yaffe-Bellany

    Changpeng Zhao, the founder of the Binance cryptocurrency exchange, walking into the federal courthouse in Seattle on Tuesday to face sentencing.
    CreditGrant Hindsley for The New York Times

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  2. DealBook Newsletter

    A Crypto Bull’s Big Tax Settlement

    The technology company MicroStrategy and its founder, Michael Saylor, agreed to a $40 million deal to end a lawsuit accusing him of evading income tax.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
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  6. The Big Number: $8 Billion

    In a surprise announcement, bankruptcy lawyers for the cryptocurrency exchange FTX said customers would get all their money back, plus interest.

    By Marie Solis

     
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