Five individuals have been sentenced to imprisonment for orchestrating a $21.6 million cryptocurrency fraud that affected over 40,000 investors. The scheme involved various investment opportunities, including the EXW Wallet. The defendants reportedly spent the stolen funds on extravagant items, such as a shark tank, private jet rides, and over $100,000 on sex workers. Sentences ranged from 18 months to five years, with the trial representing the largest fraud case in Austrian history. The fraudulent activities were primarily based in Dubai, where substantial amounts of the stolen money were transported to Austria. Some defendants are appealing their convictions, and there are ongoing investigations into related fraud cases, including real estate and cannabis schemes.

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