币界网报道：The mastermind behind a major cryptocurrency Ponzi scheme has been sentenced to 97 months in prison for defrauding investors of millions. U.S. District Judge Edgardo Ramos handed down the sentence to the defendant, who orchestrated a fraudulent investment operation promising high returns through digital asset trading. Prosecutors revealed that the scheme lured victims with false claims of proprietary trading algorithms and guaranteed profits, ultimately misappropriating funds for personal luxuries, including real estate and expensive cars. The Department of Justice emphasized that this case underscores its commitment to cracking down on crypto-related fraud. Victims, many of whom lost life savings, applauded the sentencing but expressed frustration over unrecovered losses. The defendant was also ordered to pay restitution, though authorities acknowledged full repayment is unlikely given the dissipated funds. This sentencing follows a broader trend of increased regulatory scrutiny on deceptive crypto investment schemes, as agencies like the SEC and CFTC ramp up enforcement actions. Legal experts warn investors to exercise caution with too-good-to-be-true crypto promises, noting that Ponzi schemes often exploit hype around emerging technologies. The case serves as a stark reminder of the risks in unregulated corners of the digital asset market.