BitDegree 30 minutes ago
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Firoz Patel, the founder of the crypto payments platform called Payza, has been sentenced to an additional three and a half years in US federal prison after attempting to conceal Bitcoin
BTC ($96,749.20)
$97,054.30
he was ordered to forfeit.
According to a February 6 statement, Patel first tried depositing it into Binance
$11.2B
, but his account was flagged and closed. He then created an account in his father’s name on Blockchain.com to transfer the funds, but that transaction was also blocked, and the Bitcoin was frozen.
Patel was sentenced in 2020 after pleading guilty to running an unlicensed money-transmitting business and laundering money. Prosecutors…
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