NewsBTC
Feb 10, 2026
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BEARISH 📉 : Scammer sentenced to 20 years for $73M crypto fraud scheme

Key Takeaways from Recent Crypto News

  • A significant legal case concluded with a 20-year prison sentence for Daren Li, who orchestrated a $73M crypto investment scam known as 'pig butchering'.
  • The scheme involved spoofed domains and fake trading platforms, tricking victims via social media and dating apps.
  • The Department of Justice reported that nearly $60M was laundered through U.S. shell companies.
  • Recent data revealed $370M in losses due to phishing and social engineering attacks in January 2026 alone.
  • This highlights the growing sophistication of social engineering in crypto theft.

Certik figures regarding crypto losses in January 2026.

BMIC ($BMIC) and Its Quantum-Secure Initiative

  • BMIC is developing a Quantum-Secure Finance Stack to protect against next-gen threats.
  • The project raised over $445K in its presale, focusing on reducing key exposure and utilizing AI-enhanced threat detection.
  • BMIC's architecture prevents public key exposure, addressing risks like 'Harvest Now, Decrypt Later' attacks.
  • The platform uses ERC-4337 Smart Accounts to safeguard cryptographic data.

Tokenomics and Economic Model

  • $BMIC token serves as both an asset and utility engine within a decentralized quantum ecosystem.
  • With a fixed supply of 1.5B tokens, 50% are allocated to the public presale.
  • The 'Burn-to-Compute' mechanism allows token holders access to the Quantum Meta-Cloud, creating deflationary pressure as adoption grows.

Note: Always conduct your own research before making investments.