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Leonard Glenn Francis, known as 'Fat Leonard,' was sentenced to 15 years in prison for a bribery scheme involving U.S. Navy officials. He was ordered to pay $20 million in restitution and a $150,000 fine. His company, Glenn Defense Marine Asia, received a five-year probation and a $36 million fine.
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Bitcoin's price has soared above $89,000 following Donald Trump's election victory, driven by expectations of a pro-cryptocurrency administration. The cryptocurrency has more than doubled in value over the past year, with other digital assets also experiencing significant gains amid hopes for favorable regulations.
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FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao, alleging that $1.76 billion was fraudulently transferred during a share repurchase deal in 2021. The lawsuit claims that FTX and its sister company Alameda Research were insolvent at the time, making the transaction invalid.