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…
Buyback and Burn
What Are Crypto Buyback and Burn Programs?
A buyback and burn program is a way for a cryptocurrency company to reduce the overall supply of its token. The process involves the company buying back a certain amount of its tokens from the market and then "burning" or destroying them. This reduces the token's total supply, which can increase the value of the remaining tokens by decreasing the supply and increasing the demand for the token. The buyback and burn program is often used to increase the token's…
Block Education
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