đ¨ $190M Brazilian Crypto Ponzi Leaders Sentenced
Leaders of Brazilâs $190Â million crypto Ponzi scheme just got 170+ years in prison. Regulators are finally clamping down on scams that abused cryptoâs hype.
Takeaways:
⢠Victims filed coordinated lawsuits across multiple states
⢠Court cited âegregious misuse of investor fundsâ
⢠Sets global example for prosecuting cryptoâfraud
Has the pendulum finally swung in favor of honest projects?