Brazilian Court Sentences Three Men for $190 Million Cryptocurrency Ponzi Scheme

A Brazilian court has imposed a combined 170-year prison sentence on three men accused of running a multi-million dollar cryptocurrency Ponzi scheme. The men are believed to have defrauded over 20,000 investors out of around $190 million through the Braiscompany platform. The case highlights the seriousness of this type of investment scam and underscores the need for greater regulatory oversight in the cryptocurrency sector.