Influencer Gets 1-Year Sentence in $3.5M Cryptojacking Scheme—Here’s What Went Down

Another day, another crypto scandal—but this one’s got jail time attached.

THE SETUP

A social media influencer just landed a one-year prison stint after orchestrating a cryptojacking operation that siphoned off $3.5 million from unsuspecting victims. No fancy hacking tools—just good old-fashioned manipulation and a slick pitch.

THE GRIFT

Promised sky-high returns, early access to ‘undervalued’ tokens, and exclusive entry into private mining pools. Instead, victims got drained wallets and radio silence. Classic rug pull, but with extra steps—and a side of illegal mining scripts.

THE FALLOUT

Authorities finally caught up. Tossed the book at him: 12 months behind bars, plus asset seizures. Yet another reminder that if something sounds too good to be true in crypto, it probably is—especially when an influencer’s involved.

THE TAKEAWAY

Another win for regulation? Maybe. Or just proof that scammers gonna scam—until they don’t. Stay skeptical, do your own research, and maybe skip that ‘can’t-miss’ opportunity sliding into your DMs. Especially if it promises Lambo money by Tuesday.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the shiba inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.