According to Odaily Planet Daily, a federal jury in Salt Lake City, USA, convicted Oluwole Adegboruwa and Enrique Isong of multiple drug-related charges. Between 2016 and 2019, they created more than $8 million in cryptocurrencies, including Bitcoin and Ethereum. Adegboruwa operated under the names "King Odua" and "Alagbada726" to convert cryptocurrencies into traditional currencies. Sentencing is scheduled for August.
The jury also requested that Adegboruwa forfeit $380,396 in cash, a 2017 Dodge Charger, 26 money orders totaling $9,400, and more than $15 million in cryptocurrency.