Florida man Christopher Alexander Delgado was arrested on charges of operating a cryptocurrency Ponzi scheme involving up to $328 million through his company Goliath Ventures, and faces charges of wire fraud and money laundering. Prosecutors say he promised investors monthly returns of 3% to 8% from a cryptocurrency liquidity pool, but in reality, he used the newly raised funds to pay early investors, with only about $1.5 million actually sent to platforms like Uniswap. If convicted, he faces up to 30 years in prison.