Nah, I think they'll pull a Madoff on him, hit him hard. At least they should, to send a message to other crypto-scam assholes that if that kid can get it up the ass, so can they.
They only went hard on Made-Off because he fucked over the 1% All the little retail guys like you and me were left out of the Ponzi.
,,Collect few starbucks cups, an old newspaper there or there & few dead racoons. Make sure you got the yellow west. You know. Just be yourself" * Taps on the shoulder *
Another day, another crypto fraud. How about some jail time for this one. 'You may have to sit down for this, but a prominent crypto project that promised 43% annual returns has just been liquidated, with judge citing "a real lack of proper accounting".' AuBit, the company behind Freeway, enters liquidation https://web3isgoinggreat.com/?id=aubit-liquidation A judge in the Cayman Islands has placed Aubit, the firm behind the Freeway crypto project, into liquidation. Freeway was a crypto lending project that promised annual returns as high as 43%, at least until it halted withdrawals in October 2022, claiming it was due to "unprecedented volatility" in forex and crypto markets. Withdrawals were never re-enabled, leaving around $160 million in total customer assets out of reach. A lawsuit from an institutional customer was filed against the company in August, calling the project "a scam". AuBit has tried to argue that it should be allowed to restructure, but the Cayman Islands judge opted to force the firm to liquidate, citing "a real absence of proper accounting". "Crypto investment firm AuBit International goes into liquidation amid suspected $160M fraud", Offshore Alert [archive] "Crypto lender Freeway runs out of road as court orders liquidation of business", DL News [archive]
Ok, do we really have a millennial generation this foolish, that no one raises red-flags the second anything has anything to do with Cayman Islands?