Wybo Wiersma – a 40-year-old Oxford University graduate – has been sentenced to four and a half years in prison after scamming over $2 million in crypto from unsuspecting victims. Following his arrest in 2019, the Dutchman was extradited from the Netherlands back to the United Kingdom (UK) in 2021. Following a five-year investigation by the South East Regional Organised Crime Unit (SEROCU), he pled guilty on January 26 to the Oxford Crown Court. A Five-Year Investigation As reported by…
ATM
What Are Crypto ATMs?
Crypto ATMs are automated teller machines that allow users to buy and sell cryptocurrencies, such as Bitcoin, using cash or a debit card. They work by connecting to a cryptocurrency exchange, where the user can then buy or sell the supported cryptocurrencies. In addition, some crypto ATMs allow users to withdraw cash in exchange for their cryptocurrency holdings. The process of buying or selling cryptocurrencies at a crypto ATM is similar to using a traditional ATM, with the user entering…
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