Texas man sentenced for $20 million crypto scam

A Texas resident has received a prison sentence exceeding 23 years for orchestrating a cryptocurrency scam that defrauded investors of over $20 million. Prosecutors revealed that the scheme falsely claimed to be backed by valuable artwork from renowned artists like Picasso and Van Gogh. This significant sentence highlights the severe legal consequences for fraudulent activities within the digital asset space, underscoring the risks associated with unverified investment opportunities.