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The founder of Canadian payment app Payza has been sentenced to an additional 3.5 years in prison for hiding 450 bitcoins
Firoz Patel, founder of Canadian crypto payment app Payza, has been sentenced to an additional 41 months in prison for trying to hide 450 bitcoins, worth about $43.50 million. Previously, Patel was sentenced to three years in prison in 2020 for illegally operating a money transfer business and money laundering. During his sentence, Patel tried to deposit these bitcoins in Binance and Blockchain.com, but they were found and frozen. In addition to the new sentence, the court also ordered Patel to ...
2025-02-07 02:38:39
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