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Jailed former Binance CEO Changpeng Zhao says he may use his upcoming four months of ‘quiet time’ to write a book on his tenure as the leader of the world’s biggest crypto exchange. Zhao tweeted on Sunday that he’s considering embarking on a literary career after a Binance supporter said they were “Waiting for the CZ book, the book for crypto upcoming leaders.” “I got some ‘quiet time’ coming up. Will use that to write something,” the disgraced exchange boss replied. I got some "quiet time" coming up. Will use that to write something. — CZ BNB (@cz_binance) May 12, 2024 Zhao received a four-month prison sentence last month after pleading guilty in the US to several charges of violating the Bank Secrecy Act (BSA) . Prosecutors recommended he receive a three-year sentence while Zhao’s defense pushed for zero jail time.   In response to another user, Zhao said that he’s “Got nothing else to do.” Indeed, it appears that Zhao will need to find something to ...

Incognito Market, a darknet platform connecting sellers of illicit substances to potential customers, was suspected of pulling an exit scam earlier this month. Not satisfied with stealing users’ crypto deposits, however, the admin upped the ante by extorting their former user base via sensitive order information, which they claim to have harvested “over the years.” Darknet markets are used to buy drugs anonymously online and are often believed to offer a safer experience and more reliable product than in-person interactions. However, exit scams are relatively commonplace. Worries about Incognito Market began to circulate last week when users were unable to withdraw bitcoin and monero (a privacy-focused cryptocurrency) from the platform. Initial efforts to explain away the issue as technical issues were later dropped. The simple exit scam took a more sinister turn when Incognito Market’s homepage was replaced with a message announcing a ‘nasty surprise,’ leaving users in...

In a dramatic conclusion to a Crypto currency theft case in Vietnam , two men have been handed life sentences for stealing over VNĐ37 billion (approximately $1.5 million) worth of Crypto in a heist that involved kidnapping and threatening to infect victims with HIV-laden needles. Joining Hồ Ngọc Tài (34) and Trần Ngọc Hoàng (40) in their fate are 14 other defendants, who have been sentenced to prison terms ranging from nine to 19 years. Among them are two former police officers who have been given 17 years and 12 years behind bars, respectively. According to the Ho Chi Minh City People’s Court documents, the whole saga began back in 2018 when Tài, feeling optimistic and following some investment advice from Lê Đức Nguyên (35), sold 1,000 bitcoin worth over VNĐ100 billion ($4.3 million) to invest in other Crypto currencies through international exchanges. Unfortunately, Tài’s investments went south, leading him to believe that Nguyên had deceived him. Seeking recompens...