A Brazilian man orchestrating a colossal crypto Ponzi scheme has been handed a jaw-dropping 128-year prison sentence, setting a new precedent for severe penalties against fraud in the nation’s history. This elaborate scheme deceived thousands of investors, underscoring the urgent need for robust crypto regulation as concerns continue to mount.
Indian authorities have arrested a Russia-based cryptocurrency administrator in Kerala, wanted by the US for alleged involvement in cybercrime. This operation highlights international collaboration in combating digital financial fraud amid rising global scrutiny on cryptocurrencies.
Garantex’s administrator has been arrested in India under the country’s extradition law, raising questions about international cooperation in combating financial crimes. This move reflects ongoing efforts to track down individuals involved in crypto-related offenses.
