📣 Breaking news! An Oregon man, Sam Ikkurty, has been caught running a crypto Ponzi scheme, promising "steady returns" of 15% per year with altcoins Olympus (OHM) and KlimaDAO (KLIMA). The court has ruled these tokens as commodities, putting them in the same class as Bitcoin and Ether.

But here's the kicker: KLIMA is down 99.9% from its 2021 all-time high, trading at a mere $3.55. Talk about a fall from grace!

Ikkurty's tall tales of stable crypto investments and past successes have cost investors a whopping $20 million. The court has ordered him to cough up $120 million in restitution and disgorgement.

Moral of the story: If it sounds too good to be true, it probably is!