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- Where will TRUMP coin land by 8:00 AM UTC, April 30? 🙋
- 🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
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A New York man was sentenced to 18 years for Crypto Assets fraud, involving more than 12 million dollars.
According to Wu, Eugene William Austin Jr. (also known as Hugh Austin), a man from Long Island, New York, was sentenced to 18 years in prison in 2025 for defrauding Crypto Assets investors and others out of more than $12 million. His son, Brandon Austin, has also been sentenced to 4 years in prison for his involvement in the scheme. The prosecution pointed out that Austin defrauded victims by making false promises of providing Crypto Assets trading facilitation, short-term high-return investments, and introducing investors to startups, and used the funds for personal luxury expenses.