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London authorities have sentenced a well-known Chinese figure, dubbed the "supervillain" of the crypto world, for a fraud scheme involving approximately $6.4 billion in Bitcoin. The defendant was found guilty of leading an illegal operation that defrauded thousands of investors and manipulated the cryptocurrency market. The sentence represents a significant blow against financial crime in the cryptocurrency sector and reinforces the need for stricter regulations in the industry. This case highlights the risks associated with fraud in the Bitcoin and other cryptocurrency markets and raises concerns about investor protection.
