Crypto CEO Gets 20 Years for $200M Bitcoin Ponzi Scheme

A federal judge in Virginia has sentenced Ramil Ventura Palafox, the 61-year-old CEO of Praetorian Group International (PGI), to 20 years in prison for orchestrating a massive $200 million Bitcoin Ponzi scheme that defrauded over 90,000 investors worldwide. Palafox, a dual US-Philippine citizen, was convicted of wire fraud and money laundering after running the scam from December 2019…

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Bitcoin price chart and onchain data visuals illustrating a 30-day stretch of realized losses among Bitcoin holders since late 2023.

Bitcoin Holders See First 30-Day Stretch of Realized Losses Since Late 2023

Bitcoin holders have flipped to net realized losses over the past 30 days for the first time since late 2023, signaling increased selling pressure from investors who accumulated BTC at higher prices. This shift is occurring as global markets react to heightened geopolitical tensions and aggressive trade rhetoric, with capital rotating toward traditional safe havens…

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Illustration showing a crypto user targeted by a social engineering scam, resulting in a $282 million crypto heist involving stolen Bitcoin and Litecoin.

User Loses $282M in One of the Largest Social Engineering Crypto Heists

A crypto whale just suffered a catastrophic $282 million loss in one of the biggest social engineering attacks ever recorded, tricked by scammers impersonating Trezor support into revealing their hardware wallet seed phrase. This brutal crypto news incident reignites urgent warnings for crypto pur holders about phishing tactics exploiting even the most secure blockchain technology setups. Massive multi-chain theft execution On January 10…

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Spot Bitcoin ETFs Attract $1.42B in Strongest Week Since Early October

Spot Bitcoin ETFs just posted their biggest weekly inflows since early October, pulling in $1.42 billion as institutional money flows back into crypto news headlines. The surge signals whales easing off sales while regulated products absorb supply, creating tighter conditions across blockchain markets that crypto pur traders watch closely. Massive midweek buying drove the action. Wednesday saw a $844 million flood in the largest single-day…

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