Ted Farnsworth, the former CEO of MoviePass, has pleaded guilty to defrauding investors, facing a potential sentence of up to 25 years in prison. This development comes as multiple individuals in the cryptocurrency sector also face legal repercussions. A man linked to a failed ransom plot associated with a $240 million crypto heist has pleaded guilty, while another individual has admitted to defrauding investors of over $9 million in a Ponzi scheme. Additionally, an Oklahoma man has pleaded guilty to wire fraud conspiracy charges tied to a $9.4 million crypto scam. In Tennessee, investors in the Phoenix Community Capital and Xeta Capital projects have alleged that their leaders misled them, resulting in losses of tens of millions of dollars.