🎙️Podcaster-turned-crypto-conman Thomas Sfraga has pleaded guilty to wire fraud, duping victims into investing in non-existent ventures. His weapon of choice? A fictitious 'virtual wallet' promising sky-high returns of 60% in 3 months.🚀

But alas, it was all a Ponzi scheme. Sfraga was using new investments to pay off old ones while pocketing a cool $1.3 million for himself. Talk about a plot twist!🎭

Despite the scandal, the crypto market remains bullish. Bitcoin rose 65% in three months this year, with altcoins like Pepe and Dogwifhat soaring by 722% and 656% respectively.💰

This case is part of a larger crackdown on crypto fraud. Remember folks, if it sounds too good to be true, it probably is. Let's continue to foster a safe and transparent DeFi space.🛡️

What's your take on this? Share your thoughts in the comments! #DeFi #CryptoNews #Web3