Hello, the Federal Court of Brooklyn sentenced Instagram blogger Jebar Igbar, known as Jay Mazini, to 84 months in prison for operating cryptocurrency scam schemes. He was found guilty of fraud using electronic communications, conspiracy, and money laundering totaling at least $8 million.
The U.S. Department of Justice has requested a three-year prison sentence for Changpeng Zhao, the founder and former CEO of the cryptocurrency exchange Binance. Such a verdict 'will send a signal not only to Zhao, but to the entire world.' The court is expected to deliver the verdict on April 30th.