$BTC A court in China has slammed the gavel on a massive crypto con! Thirty-four scammers behind the sham OURBIT exchange have been handed prison terms ranging from 3 to 12 years for swindling 30,000 investors out of $64M.

The crew tricked victims with phony trading data and bogus licenses, painting a legit-looking front while hyping big profits via WeChat groups. It was all smoke and mirrors—pure fraud from the ground up!

What’s your take—will this crackdown scare off crypto crooks, or is it just a drop in the bucket?