proceeds

A hacker has been sentenced to five years in a US prison for laundering the proceeds of one of the biggest ever cryptocurrency thefts.

The organization intended to use a chunk of the proceeds to develop affordable housing, noting the plan in the escrow instructions of the $81-million sale.

Thompson, who is awaiting sentencing, pleaded guilty in November 2023 to conspiracy to aid and abet drug distribution, money laundering, and concealment money laundering of drug trafficking proceeds.

Though the Trump legal team's bid to have her disqualified from over the claims failed, the decision is now on appeal with proceedings in the trial court paused as it proceeds.

If Merchan proceeds and sentences Trump to up to four years in prison, the president-elect will almost certainly escape that sentence until at least January 2029.