Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,435 trillion. Bitcoin is down by almost 9% after a horrible week. Ethereum dropped by almost 7% over the past seven days. XRP dropped by almost 15% to trade again below $1. Almost all altcoins have traded in the red for most of the week. The DeFi sector lost nearly $1 billion in Total…
Tag: ICO Fraud
US Man Sentenced to Prison for Fraud Of Over $20M From ICO Investors
A man from San Francisco will go to jail after a US court convicted him of multi-million dollar cryptocurrency fraud, as the Department of Justice (DOJ) said in a statement on Tuesday. 33-year-old Jerry Guo was sentenced to six months in prison by US District Judge Beth Labson Freeman and nearly $4.4 million in restitution after pleading guilty to ICO fraud. During the ICO craze height in 2018, Guo introduced himself to his clients as an ICO advisor and offered…
10 months ago
