๐จCrypto Crime Alert!๐จ Ex-CEO of Hydrogen Tech Corp, Michael Kane, is facing a 45-month "vacation" in prison for a crypto price manipulation scheme. His partner in crime, Shane Hampton, got a 35-month ticket. This marks the first time a federal jury has declared a cryptocurrency a security.๐ฎโโ๏ธ๐ผ
The SEC had previously sued Kane and Hydrogen Tech, leading to a $2.8 million fine. Kane pleaded guilty to securities price manipulation and wire fraud. Hampton and two other execs also pleaded guilty.๐๏ธ๐ฐ
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