Canadian man sentenced to 25 months for $13M crypto fraud scheme
- —Johnston pleaded guilty to money laundering conspiracy; a Miami federal judge imposed the sentence
- —The scheme posed as Google and Trezor support to gain access to victims' wallets
- —One California victim lost 185 BTC, worth nearly $13 million at the time
- —He forfeited about $3.8 million in BTC and ETH, including 53.16 BTC and 275.23 ETH
Why it matters: The sentence signals aggressive US prosecution of crypto fraudsters, though whether victims recover funds remains unclear.
Source: DiarioBitcoin