A Canadian man has been sentenced to serve 41 months in prison after being found guilty of laundering $43 million worth of Bitcoin. Read more: https://t.co/vWuJSL4PAZ
🚨 JUST IN: Firoz Patel sentenced to 41 months in prison for concealing 450 Bitcoin from a US court following his Payza conviction https://t.co/6e37uKj9PK
[https://t.co/HV9eQDJEEO] Firoz Patel sentenced to 41 months for hiding 450 Bitcoin from U.S. court after Payza conviction
A 22-year-old Canadian man, Andean Medjedovic, is facing up to 90 years in prison in the United States for allegedly stealing $65 million in cryptocurrency. The indictment, recently unsealed by the FBI, accuses Medjedovic of manipulating two decentralized finance protocols to acquire illicit funds from investors. He is currently at large. This case follows a related incident involving another Canadian, Firoz Patel, who was sentenced to 41 months in prison for concealing 450 Bitcoin from a U.S. court after a prior conviction related to Payza, a payment processing platform. Patel's case highlights ongoing issues related to cryptocurrency fraud and money laundering.