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…
Crypto Collateral
What Is Crypto Collateral?
Crypto collateral refers to using cryptocurrency as collateral for a loan or other financial product. This can involve using digital assets such as Bitcoin or Ethereum as security for a loan or as collateral in a decentralized lending platform. The basic idea is that the value of the cryptocurrency serves as a guarantee that the borrower will repay the loan. If the borrower defaults, the lender can take possession of the collateral to recoup their losses. Therefore, the value of…
Block Education
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