34 Sentenced in China for $64M Crypto Fraud
- 34 individuals jailed in China for the OURBIT crypto fraud scheme.
- OURBIT defrauded approximately 30,000 investors of around $64 million.
- The platform falsely claimed licenses from the US, UK, and Singapore.
- Organizers received prison sentences ranging from three to twelve years.
A Chinese court has sentenced 34 people involved in the OURBIT cryptocurrency scam. The fraudulent platform deceived about 30,000 investors, resulting in losses of roughly $64 million. Organizers were given prison terms between three and twelve years for their roles in the scheme.
Source (2.6)https://hodl.press/34-sentenced-in-china-for-64m-crypto-fraud/?rand=24434
