Ruslan
@baraded
$7.6M Restitution Ordered in ‘My Big Coin’ Crypto Fraud Case Randall Crater, founder of the fraudulent ‘My Big Coin’ scheme, must pay $7.6M in restitution to victims, per a US District Court order. Crater, sentenced to 8+ years in prison in 2023, misled investors into believing the currency was gold-backed. The scheme raised $7.5M, funding his lavish lifestyle. The CFTC banned him from trading, as crypto fraud continues to rise, with $5.6B lost in the US in 2023
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