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…
Network Congestion
What is Blockchain Network Congestion?
Network congestion in blockchain refers to a state where more transactions are being sent to the network than can be processed promptly. This can occur when more users are trying to make transactions than the network can handle or when many high-value transactions are being made simultaneously. A practical example of network congestion in the blockchain would be during a cryptocurrency bull market, where the price of the coin is rapidly increasing. In this scenario, many people are trying to…
Block Education
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