[2026-05-07] The latest IT, economic, blockchain and coin news

A 20-year-old California man was sentenced to 78 months in federal prison Wednesday for his role in a criminal enterprise that prosecutors say stole more than $250 million in cryptocurrency. The enterprise operated for over a year between late 2023 and early 2025, using social engineering schemes to manipulate victims into revealing access to their digital assets.

Marlon Ferro, 20, of Santa Ana, California, was sentenced today in U.S. District Court to 78 months in prison in connection with his...