Report: Block Bits Founder Guilty After $960K Crypto Bot Pitch Implodes

Block Bits co-founder Japheth Dillman was convicted on five counts including wire fraud and conspiracy after raising around $960,000 from investors with a fake crypto trading bot pitch. The SEC estimates investor losses at about $508,000 and Dillman faces sentencing and regulatory action.

This Wire brief sits within Fusion42's coverage of Fintech.