A Virginia federal judge sentenced the 61-year-old CEO of Praetorian Group International to 20 years in prison for orchestrating a $200 million Bitcoin Ponzi scheme that ran from late 2019 through 2021. He lured investors with phony daily returns of 0.5%-3% via a fake online trading portal, but no real trading ever occurred. Prosecutors detailed how he spent millions on luxury homes in Las Vegas and Los Angeles, high-end cars, designer goods, and family transfers. The court also ordered $62.7 million in restitution and forfeiture of $12.2 million in cash and properties as victims pursue compensation.
Brazil has passed a new law allowing authorities to freeze, seize, and liquidate digital assets,…
David Sacks has stepped down from his role as the White House’s AI and crypto…
Brazil has passed a major new law to fight organized crime, which President Luiz Inácio…
David Sacks has stepped down from his position as the White House’s AI and cryptocurrency…
The crypto market has faced a prolonged slowdown since late 2025, with total valuations dropping…
Kentucky's hardware wallet bill just proved regulators still misunderstand self custody, forcing the Bitcoin Policy…
