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…
Wrapped Tokens
What are Wrapped Tokens?
Wrapped tokens represent ownership of a corresponding asset on a different blockchain. The idea behind wrapped tokens is to allow the use of assets from one blockchain on a different blockchain. This is accomplished by creating a digital asset on the destination blockchain backed by an equivalent amount of the original asset on the source blockchain. For example, consider a wrapped WETH, which represents ownership of ETH (Ethereum) on the Ethereum blockchain. The value of WETH is equivalent to the…
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