86-year-old to pay $14M after admitting to running crypto Ponzi scheme
Prosecutors sought five years probation for crypto schemer David Kagel because of his age and ailing health.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Prosecutors sought five years probation for crypto schemer David Kagel because of his age and ailing health.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme
Bitcoin Magazine NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme New York Attorney General Letit...
Hyperliquid Policy Center Calls For Five Changes To SEC Crypto Rule
TL;DR: The Hyperliquid Policy Center supports the SEC’s proposed crypto framework but says five changes are needed to make the rul...
Solayer Pay Adds Five Blockchain Networks For Direct Stablecoin Card Deposits
TL;DR: Solayer Pay says its card app now accepts supported stablecoin deposits from Solana, Ethereum, Arbitrum, BNB Chain and Base...
Crypto Broker Gets 160 Months In US Drug-Money Laundering Case
TL;DR: A Colombian crypto broker received a 160-month prison sentence in a US laundering and narcotics case, prosecutors announced...
Ethereum ETFs Break Five-Day Outflow Run With $14.9 Million Inflows
TL;DR: Ethereum ETFs returned to net inflows on October 21 after five negative sessions. The $14.9 million gain was modest, with G...
Coinbase lets AI agents trade perps after a five-minute feedback loop
AI-driven trading's rapid evolution may increase market volatility and necessitate robust oversight to manage synchronized agent a...