[California Man Sentenced to 78 Months in Prison for Crypto Fraud and Ordered to Pay $2.5 Million in Restitution] According to The Block, a U.S. federal court has sentenced California man Marlon Ferro (online alias 'GothFerrari') to 78 months in prison, three years of supervised release, and $2.5 million in restitution. Ferro was involved in a nationwide social engineering fraud scheme from late 2023 to early 2025, with over $250 million in cryptocurrency assets implicated. The methods included database breaches, fraudulent phone calls, money laundering, and home burglaries. He was involved in two instances of breaking into homes to steal hardware wallets and assisted in laundering the proceeds. U.S. prosecutors stated that crypto fraud constitutes a serious criminal offense and will result in federal imprisonment.