Several prominent figures in the cryptocurrency industry have faced legal consequences for their actions. Sam Bankman-Fried, the co-founder of FTX, has been convicted of wire fraud and conspiracy to commit securities fraud, commodities fraud, and money laundering.
Changpeng Zhao, the co-founder of Binance, has pleaded guilty to violating US banking law. Do Kwon, the co-founder of Terraform Labs, has been convicted of using a false passport and is facing fraud charges. Alexey Pertsev, a Tornado Cash developer, has been accused of facilitating money laundering.
Avraham Eisenberg, a crypto trader, is facing charges of commodities and wire fraud, commodities manipulation, and possession of child pornography. Alex Mashinsky, the co-founder of Celsius Network, has been charged with fraud, conspiracy to commit fraud, and market manipulation.
Beware of crypto frauds!!
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