Gate News message, April 28 — A 30-year-old woman from Saipan, Sze Man Yu Inos (also known as “Yuki”), was sentenced to 71 months in federal prison for a bitcoin-related wire fraud scheme, according to a statement from the U.S. Department of Justice released on Monday. The court also ordered restitution of $769,355, criminal forfeiture of $684,848, and a $200 special assessment fee.
Between November 2020 and January 2022, Inos targeted older women in Saipan and Guam by falsely claiming she came from a wealthy Chinese family and had achieved success investing in bitcoin. She cultivated emotional bonds with victims, frequently telling them “You are like my mom,” before exploiting their trust to solicit bitcoin investments under false pretenses. She later expanded the scheme to defraud additional victims in Washington and California.
Crypto-related fraud losses reached a record $11.3 billion in 2025, accounting for more than half of the $20.9 billion in total internet crime losses tracked by the FBI, according to a report released earlier this month.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Liquidation Thresholds: $1.612B Short Squeeze at $80,252, $1.398B Long Liquidation at $73,452
Gate News message, April 28 — According to Coinglass data, if Bitcoin breaks above $80,252, cumulative short liquidations across major CEXs could reach $1.612 billion. Conversely, if BTC falls below $73,452, cumulative long liquidations would reach $1.398 billion.
GateNews10m ago
Bitbank Launches Crypto-Linked Credit Card Allowing BTC Payments in Japan
Gate News message, April 28 — Japanese crypto exchange Bitbank has partnered with EPOS Card, the fintech arm of Marui Group, to launch the "EPOS Crypto Card for Bitbank," marking Japan's first credit card that enables direct settlement from crypto exchange balances. The card allows users to
GateNews56m ago
Bitcoin Inter-Exchange Flow Pulse Surges 136% Since March Low, 7-Day Average Crosses 30-Day Line
Gate News message, April 28 — According to on-chain analyst Axel Adler Jr, Bitcoin's inter-exchange flow pulse has surged 136% since its March low, with the 7-day moving average crossing above the 30-day moving average for the first time in several months.
The metric shift signals a reorientation t
GateNews1h ago
Block Inc. Discloses 28,355 BTC Holdings Worth $2.2 Billion in Q1 Proof-of-Reserves Report
Gate News message, April 28 — Block Inc., the fintech company led by Jack Dorsey and home to Square and Cash App, published its first-quarter proof-of-reserves report on Monday, disclosing total bitcoin holdings of 28,355 BTC, worth approximately $2.2 billion as of the end of March 2026. The report,
GateNews2h ago
Bitcoin spot ETF ends 9-day streak of net inflows: Yesterday recorded total net outflows of $263 million
Bitcoin spot ETF ended a 9-day streak of net inflows on April 27, with a single-day net outflow of $263 million. This article reviews the flow of funds and looks back at BTC price performance over the past 9 trading days and changes in market structure.
GateInstantTrends2h ago
On-Chain Whale Opens 20x Leveraged BTC Short Position Worth $23M, 16th Short This Month
Gate News message, April 28 — A major on-chain Bitcoin whale (address 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8) has opened a 20x leveraged BTC short position worth approximately $23 million, according to Hyperinsight monitoring. The position consists
GateNews3h ago
