Ohio Man Gets 9 Years for $10M Bitcoin Trading Ponzi Scheme

BTC

BTC/USDT

$74,999.04

+7.91%

$74,999.04

+7.91%

(24s)

24h Volume

$39,062,695,233.62

24h H/L

$75,785.82 / $69,336.97

Change: $6,448.85 (9.30%)

Long/Short

52.3%

Long: 52.3%Short: 47.7%

Funding Rate

+0.0037%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$74,763.10

▲ 2.38%

Volume (24h): -

Resistance Levels

Resistance 3$78,568.57

Resistance 2$76,859.07

Resistance 1$75,785.82

Price$74,763.10

Support 1$73,884.38

Support 2$72,789.19

Support 3$70,151.58

Pivot (PP):$71,775.79

Trend:Uptrend

RSI (14):82.6

Decrypt Editorial

(10:16 AM UTC)

1 min read

Approved byDavid Kim

Investment manager Rathnakishore Giri, 31, of Ohio, has been sentenced to nine years in federal prison for operating a $10 million cryptocurrency Ponzi scheme.
He falsely promised guaranteed returns on Bitcoin derivatives trading while paying earlier investors with new victim funds.
Even after pleading guilty in October 2024, Giri continued soliciting victims while on pretrial release.

A…