In a significant legal development, a 20-year-old man from California has been sentenced to 78 months in federal prison on Wednesday. Prosecutors linked him to a criminal operation that allegedly defrauded victims of over $250 million in cryptocurrency.
The scam was operational for more than a year, spanning late 2023 through early 2025. It utilized social engineering tactics to trick individuals into giving away their digital asset access.
Marlon Ferro, also known as