logo

A man in the United States was sentenced to 23 years in prison for planning a $20 million cryptocurrency fraud case

By: rootdata|2026/04/17 01:42:01
0
Share
copy
cincin
dalidali
picassopicasso
meta-bscmeta-bsc

According to the U.S. Department of Justice, Robert Dunlap, a man from Texas, was sentenced to 23 years in prison by Federal Judge LaShonda A. Hunt for orchestrating a cryptocurrency scam that defrauded nearly 1,000 investors of over $20 million.

Between 2018 and 2023, Dunlap claimed to operate a cryptocurrency business and sold a fraudulent digital asset called "Meta-1 Coin" through the "Meta-1 Coin Trust." He spread multiple false statements to potential and actual investors, claiming that the token was backed by artwork valued at up to $1 billion and $44 billion in gold, and falsely stated that an accounting firm had audited the gold and certified its value. The so-called art collection allegedly included works by renowned artists such as Picasso, Dali, and Van Gogh. To cover up the fact that he did not actually hold the aforementioned gold or artwork, Dunlap forged a batch of legal documents.

-- Price

--

You may also like

How to balance risk and return in DeFi yields?

Have these yields ever been reasonable? Have we ever received the compensation we deserve for the risks taken in DeFi, and where should the future spreads be set?

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.
The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

21:42

CryptoQuant: BTC stabilizing above $83,000 is key to market recovery

CryptoQuant analyst Axel Adler stated that after the release of market pressure in the spring, the selling pressure from short-term holders (STH) has significantly eased. The Bitcoin market repair is still ongoing, and the current price is close to the cost line of short-term holders. The key trigge...
21:42

Data: The current whale position on the Hyperliquid platform is 3.505 billion USD, with a long-short position ratio of 1.02

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.505 billion, with long positions of $1.772 billion, accounting for 50.56% of the holdings, and short positions of $1.733 billion, accounting for 49.44%. The profit and loss for long positions is -$8.5173...
21:42

Trump blames the shooting incident on the unfinished White House banquet hall

Trump stated in a post: "What happened last night (referring to the White House Correspondents' Dinner shooting incident) is exactly why our great military, Secret Service, law enforcement, and past presidents over the last 150 years have demanded the construction of a large, secure banquet hall wit...
21:42

Scallop: Due to the sSUI reward pool vulnerability, it incurred a loss of 150,000 SUI, which will be fully covered

The Sui ecosystem lending protocol Scallop announced on platform X that a vulnerability was found in an affiliated contract related to Scallop's sSUI reward pool, resulting in a loss of approximately 150,000 SUI. The affected contract has been frozen.Scallop stated that the core contract remains sec...
21:42

Michael Saylor has released information related to the Bitcoin Tracker again, and may disclose additional holdings data next week

Strategy founder Michael Saylor has once again released information related to the Bitcoin Tracker, captioned: "The ₿eat Goes On."According to previous patterns, Strategy always discloses information about increasing Bitcoin holdings the day after related news is released.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com