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…
Initial Liquidity Offering
What is an Initial Liquidity Offering (ILO)?
Initial liquidity offerings (ILOs) are a form of fundraising that combines elements of initial coin offerings (ICOs) and initial exchange offerings (IEOs). Like ICOs, ILOs involve the sale of a cryptocurrency or token to investors, but unlike ICOs, ILOs are conducted on a decentralized exchange (DEX) rather than on a proprietary platform. ILOs are typically backed by a cryptocurrency exchange, which helps to provide liquidity and ensure the smooth functioning of the market for the newly-issued token. Here is a step-by-step…
Block Education
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