A certain encryption KOL was sentenced to one year in prison for a $3.5 million cloud mining scam.

According to Jinse Finance and Cryptonews, cryptocurrency KOL Charles O. Parks III has been sentenced to one year and one day in prison for implementing a large-scale cloud computing mining fraud case. From January to August 2021, Parks defrauded cloud service providers using a false company identity, illegally mining and profiting nearly $1 million, involving Ethereum (ETH), Litecoin (LTC), and Monero (XMR). Parks had previously pleaded guilty and was ordered to forfeit $500,000 and a Mercedes-Benz. The prosecution stated that Parks converted the mining proceeds into cash through exchanges, NFT markets, and payment processors for luxury consumption. #BTC ETF持仓破1530亿美元# #Gate七月透明度报告发布#