CEO of ’Textbook Ponzi’ Pleads Guilty in $200M Bitcoin Fraud Case
Another day, another crypto scam—but this one's a doozy.
The mastermind behind what prosecutors call a 'textbook Ponzi scheme' just copped to swindling investors out of a cool $200 million in Bitcoin. Guess some people never learn that if it sounds too good to be true, it probably is—especially in crypto.
How It Went Down
The CEO promised sky-high returns, flashy profits, and all the usual buzzwords that make investors drool. Instead, he delivered empty wallets and broken dreams—classic move.
Regulators are circling, fines are looming, and the whole mess is yet another black eye for an industry that's already fighting for credibility. But hey, at least it wasn't boring.
Just another reminder that in the wild west of digital assets, sometimes the only thing getting pumped is your risk exposure.
