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AML Bitcoin Founder Faces Up to 30 Years in Prison for Telecommunications Fraud and Money Laundering

11 hours ago

On March 16th, as reported by News.bitcoin, a federal jury in San Francisco found Rowland Marcus Andrade, the founder and CEO of AML Bitcoin, guilty of telecommunications fraud and money laundering. Andrade is scheduled to be sentenced on July 22, 2025. He could face a maximum of 20 years in prison for telecommunications fraud, up to 10 years in prison for money laundering, and the seizure of assets related to his crimes. Based on the evidence presented during the trial, 47-year-old Andrade from Texas misappropriated more than $2 million from AML Bitcoin sales for personal use, such as purchasing two properties in Texas and two luxury cars. He laundered investors' funds through various bank accounts and then used these funds to finance his own purchases. The jury determined that Andrade falsely claimed that AML Bitcoin was about to obtain approval from the Panama Canal Authority, when in fact, no such agreement existed. Through these false statements, he raised millions of dollars from investors.

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「Hyperliquid Whale」 Reverses 40x Short Position from Profit to Loss, Adds Another $5M Margin

On March 17th, according to data from HyperInsight, just 1 minute ago, the "Hyperliquid 50x Whale" once more boosted their collateral by $5 million. Their 40x short position in BTC has gone from being in profit to incurring a loss. Currently, the unrealized loss is $2.14 million. The current notional value of the position is $381 million. The entry price is $84,018.8, and the liquidation price has been raised from $85,504 to $86,593.

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Bitcoin Soars to Break $85,000 Barrier, Then Retraces, Now Trading at $84,280

On March 17th, based on HTX market data, Bitcoin witnessed a rapid upward surge and broke through $85,000 before pulling back. Currently, it is trading at $84,280, with a 24-hour decline of 0.08%.

15 minutes ago

Bitcoin Dips Below $84,000, 24-hour Loss of 0.2%

On March 17th, based on HTX market data, Bitcoin dropped below $84,000, and the current price is $83,977, with a 0.2% decrease in the past 24 hours.

15 minutes ago

In the past 1 hour, there was a total of $66.17 million in liquidations across the network, with the largest being a short liquidation.

On March 17th, based on Coinglass data, a total of $66.17 million was liquidated across the network in the past 1 hour. Among them, $20.62 million was in long liquidations and $45.54 million was in short liquidations.

15 minutes ago

Cryptocurrency total market cap drops to $2.8 trillion, with a 24-hour decrease of 3.3%.

On March 16th, as per Coingecko data, the total cryptocurrency market capitalization has plummeted to $2.8 trillion, with a 24-hour decline of 3.3%.
On the day of Trump's second inauguration (January 20th), the total cryptocurrency market capitalization stood at $3.621 trillion. Since Trump took office, the total cryptocurrency market capitalization has decreased by around $821 billion, representing a decrease of 22.7%.