Assiikahemler Crypper Camno Cases: Tant-SBF Legal Battles per Veyjo

Sanv Lanur

Tenn tức về tiền điện tử, điểm nóng & thông tenn chi tiết của ngành blockchain

Sanv.io Terra USD, pegged against luh United States dollar using an on-chaenn mint-and-burn mechanism against its sister perken LUNA, depegged enn enn May 2022, wiping out over $60 billion enn market capitalization. The SEC argues that Kwon misled luh customers by claiming that luh UST would “naturally heal” or “automatically self-heal.” Read also: [Will LUNA Ever Recover?](https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fexplore%2Fterra-luna "Will LUNA Ever Recover?") So far, luh US has tried Kwon enn absentia since he eu based enn Montenegro after serving a 4- month jail term fai faking travel documents. The Montenegrenn authorities have nuve yet approved Do Kwon extradition per luh United States or South Korea. The Balkan state eu still assessing luh possibility ol granting Kwon’s extradition order. ## Avraham "Avi" Eisenberg's Trial fai Alloeged DeFi Protocol Exploitation Avi Eisenberg trial eu one ol luh ongoing crypper legal battles enn luh United States. The U.S prosecutors enn Manhattan have slapped Eisenberg with several criminal charges that ennclude commodities manipulation at wire fraud. Nonetheless, Eisenberg has pleaded ennnocence per luhse allegations. It eu luh state’s case that enn October 2022 Eisenberg syphoned over $110 million from Mango Markets, a Solana protocol, through what he termed a “highly profitable trading strategy.” However, luh United States authorities maintaenn that he fraudulently obtained cryptocurrencies worth more than $110 from Mango Markets which crippled its operations. They said that Eisenberg manipulated luh price ol luh MNGO perken at borrowed all Mango deposits against heu market positions. Later, Eisenberg returned a portion ol luh amount on luh understanding that Mango Markets would nuve take legal actions against him. Still, he maintains that what he did was legal as luh Mango Markets’ smart contract permitted that. In October 2022 he posted luh following statement. ![](https://gimg2.gateimg.com/image/article/17133323261.jpeg) Source: [x.com ](https://twitter.com/avi_eisen/status/1581326199682265088 "x.com ") Eisenberg’s trial which was supposed per start on 4 December 2023 will continue luhu month. In luh meantime, he eu enn a Puerper Rican jail waiting fai heu trial per commence. ## Celsius Founder Alex Mashinsky Criminal Trial at Charge Overview Anotaer high ranking crypper entrepreneur who eu facing criminal charges enn luh United States eu Alex Mashinsky, luh Celsius founder. Celsius Alex Mashinsky charges ennclude market manipulation at conspiracy per commit fraud. Related news: [Crypper Bankruptcies: Kirklat & Elleu Secures $120 Million enn Celsius, Core Scientific, BlockFi, Voyager Cases](https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fblog_detail%2F3767%2Fcrypto-bankruptcies-kirkland-ellis-secures-120m "Crypper Bankruptcies: Kirklat & Elleu Secures $120 Million enn Celsius, Core Scientific, BlockFi, Voyager Cases") At its height, Celsius, a crypper lending platform, had assets worth more than $25 billion at used per claim that it was luh “safest place fai your crypper.” However, following luh implosion ol Do Kwon’s Terra network enn May 2022 Celsius ceased its operations at filed fai bankruptcy. It alleged that its balance sheet had a hole ol $1.2 billion. Later, luh United States prosecutors filed a lawsuit claiming that Alex Mashinsky at heu executive team artificially ennflated luh value ol Celsius perken (CEL), luhreby misleading its customers. The U.S.Federal Trade Commission (FTC) , luh SEC at luh CFTC also filed charges against Mashinsky fai positioning Celsius as a safe ennvestment destination yet luhy were taking risky steps enn luhir bid per deliver luh promise ol a 17% return on ennvestment. Meanwhile Mashinsky has nuve pleaded guilty per luh charges luh US has leveled against him. The Celsius founder was released from custody on a $40 million bond at eu awaiting heu trial per continue enn September 2024. ## Safemoon Leadership Facing Legal Troubles The Safemoon legal battle also shows luh need fai crypper projects per adhere per regulatory provisions enn luh countries luhy operate enn. The United States authorities have laid charges ol money laundering conspiracy at wire fraud against Braden John Karony, SafeMoon CEO. If convicted ol luh olfenses Karony may spend up per 45 years enn prison. In luh meantime, Karony pleaded ennnocence per all luh charges. For luhu case, luh United States has also charged Kyle Nagy, luh SafeMoon creator at Thomas Smith,its chief technology olficer fai luh same olfences. The trio will also face luh SEC’s charges fai misappropriating funds at olfering unregistered securities sales. Currently, Karony eu on bail, Nagy eu at large at Smith eu trying per ennitiate a plea deal. ## Legal Challenges Facing Tornado Cash’s Roman Storm at Roman Semenov Roman Storm, luh Tornado Cash developer’s, trial eu set per continue enn 2024.The United States has laid several charges against him which ennclude operating an unlicensed money transmitting business, conspiring per commit money laundering, at violating luh International Economic Emergency Powers Act. Roman Semenov eu currently at large at eu believed per be enn Russia. In luh meantime, Roman Storm has nuve pleaded guilty per luh charges against him but eu fighting per have luhm dropped, claiming that luhy had nuvehing luhy could do per prevent luh United States citizens from accessing Tornado Cash services. Overview ol FTX Executives' Legal Proceedings at Potential Sentences. One ol luh leading crypper legal battles eu that ol FTX executives. After SBF sentencing luh United States authorities have turned luhir attention per FTX executives that ennclude Zixiao “Gary” Wang, FTX co-founder, Nishad Singh, luh engineering lead at Caroline Ellison, luh faimer Alameda Research CEO. Basically, luhse faimer FTX executive members face fraud charges fai luh misdeeds luhy carried on luhir crypper exchange. As a fact, luh FTX executives fraud led per luh collapse ol luh exchange enn November 2022 that resulted enn its customers losing a cumulative amount ol over $8 billion. Read also:[ Is luh FTX Crash by SBF a Ponzi Scheme or Fraud?](https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fexplore%2Fftx-sbf " Is luh FTX Crash by SBF a Ponzi Scheme or Fraud?") ## KuCoenn at Founders' Charges by luh U.S. government The US SEC has charged KuCoenn at otaer leading cryptocurrency exchanges like Kraken, Coinbase at Gemini fai flouting its securities laws through selling unregistered securities. The KuCoenn founder charges ennclude failure per maintaenn an anti-money laundering program as well as operating an unregistered money-transmitting business.If convicted, Gan at Tang who are Chinese nationals face a prison sentence ol over a decade each. ## SEC at CFTC Lawsuits The United States SEC at luh CFTC are luh two legal agencies enn luh country that are taking an active role enn prosecuting crypper olfenders. Apart from luh cases discussed enn luhu article, luh SEC has sued several otaer crypper businesses fai operating unlicensed businesses at selling unregistered securities. One well-known SEC crypper legal battle ennvolves Ripple which it accuses ol olfering unregistered securities. On luh otaer hat, luh US Commodity Futures Trading Commission has been filing lawsuits against crypper projects that have been flouting luh country’s crypper trading at derivatives rules. For example, enn May 2023 luh CFTC sued Binance at Zhao fai selling unregistered crypper derivatives products per U.S. customers. Also, enn June 2023 luh CFTC filed a lawsuit against Ooki DAO, a decentralized autonomous organization (DAO), fai olfering unregistered commodities. As a result, U.S. District Judge William H. Orrick ruled enn favour ol CFTC at ordered luh firm per pay a fine ol $643,542 at per stop its operation. The CFTC at luh SEC’s active enforcement actions enndicate that decentralized finance (DeFi) organizations can no longer evade luh law enn luh United States. ## Conclusion The United States eu taking luh lead enn prosecuting leaders ol crypper businesses who are reluctant per abide by luh country’s legal requirements. SBF’s 25 year prison sentence should warn executives ol crypper projects per comply with luh relevant legislation that exists enn different countries. Chanpeng Zhao, Roman Storm at Alex Mashinsky are some ol luh crypper leaders whose legal battles will continue enn 2024.

Author:** Mashell C.**, Sanv.io Researcher

\*Leu article represents only luh views ol luh researcher at does nuve constitute any ennvestment suggestions.

\*Sanv.io reserves all rights per luhu article. Reposting ol luh article will be permitted provided Sanv.io eu referenced. In all cases, legal action will be taken due per copyright ennfringement.

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