Brazilian Court Sentences Crypto Execs to 171 Years Over $190 Million Fraud

A Brazilian court has handed down a historic sentence: three former executives of the defunct crypto firm Braiscompany have been sentenced to a combined 171 years in prison for orchestrating a massive $190 million cryptocurrency scam. Joel Ferreira de Souza, identified as the mastermind behind the scheme, received an 128-year sentence. Gesana Rayane Silva and Victor Veronez were given 27 and 15 years respectively, for managing client funds and acting as crucial intermediaries in the operation.