đš $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:
âą Victims filed coordinated lawsuits across multiple states
âą Court cited âegregious misuse of investor fundsâ
âą Sets global example for prosecuting cryptoâfraud
Has the pendulum finally swung in favor of honest projects?