According to PANews, the U.S. Attorney's Office for the Southern District of Florida has announced that Austin Michael Taylor, the founder of the Miami-based cryptocurrency project CluCoin, has pleaded guilty to charges of wire fraud. Taylor attracted investors through social media to participate in CluCoin's initial coin offering (ICO) and subsequently transferred $1.14 million of investor funds into his personal account. These funds were then used for online casino gambling, resulting in total losses. Taylor is scheduled for sentencing on October 31 and could face a maximum of 20 years in prison. The FBI is currently investigating the case, and victims are encouraged to provide relevant information through the FBI's website.