commutation

Caixin disclosed details of the 60,000 Bitcoin case, which pointed out that Qian Zhimin purchased a total of 194,951 Bitcoins, taking over 70,000 with him on a laptop when fleeing China. The escape route was meticulously planned and involved multiple accomplices. Qian Zhimin's final sentence will be officially announced by the presiding judge at London time in 2025.It is reported that Qian Zhimin's defense lawyer has submitted reasons for a reduced sentence, stating that he has behaved well during detention, qualifying as a "model prisoner," and noted that he suffers from diabetes. The lawyer also emphasized that he pleaded guilty immediately during the hearing, effectively saving judicial resources.

ChainCatcher News, the White House spokesperson stated that President Biden is considering more pardons and commutation measures.

ChainCatcher news, according to The Washington Post, the prison sentences of two former executives of the cryptocurrency exchange FTX appear to have been shortened. According to information from the Federal Bureau of Prisons website, Ryan Salame began serving his sentence in October, which is 7.5 years, and is now expected to be released in March 2031. Caroline Ellison's current expected release date is July 2026, a few months shorter than her original two-year sentence.FTX filed for bankruptcy in 2022 due to questions about its financial condition and its relationship with sister trading firm Alameda Research, leading to a rapid withdrawal of funds by customers, similar to a bank run. Authorities later accused FTX of misappropriating customer funds for personal use, to repay loans owed to Alameda Research and for other projects. This scandal led to a stunning downfall for FTX, which was once the world's third-largest cryptocurrency exchange, and its founder Sam Bankman-Fried (SBF). Salame is the former co-CEO of FTX's Bahamas subsidiary, who admitted to operating an unlicensed money transfer business, violating campaign finance laws. Ellison is the former CEO of Alameda, who pleaded guilty in December 2022 to charges of wire, securities, and commodities fraud, as well as money laundering.

ChainCatcher message, "Silk Road" founder Ross William Ulbricht is currently serving a life sentence in a U.S. federal prison. He posted on the X platform for the first time after the U.S. elections, expressing, "I sincerely thank everyone who voted for President Trump. I believe he will keep his promise and give me a second chance. After spending over 11 years in the dark, I finally see the light of freedom at the end of the tunnel. Thank you all very much."

ChainCatcher News: Former U.S. President Donald Trump stated at the Bitcoin 2024 conference that he once again commits to reducing the sentence of Silk Road founder Ross Ulbricht if elected president.