Travis Ford, CEO of Wolf Capital, was sentenced to five years in prison for orchestrating a $9.4 million Ponzi scheme that defrauded over 2,800 investors. The U.S. Department of Justice (DOJ) confirmed the conviction and detailed how Ford falsely advertised high daily returns to lure retail investors into his fraudulent trading program. The scheme highlights vulnerabilities in unregulated crypto platforms, emphasizing the need for vigilant investor due diligence. While the impact on the broader cryptocurrency market is minimal, the case underscores potential risks for individuals investing in such ventures. 2,800 investors lost approximately $9.4 million through Ford’s scheme, and the DOJ has ordered a restitution of $170,000 to compensate victims.