Raymondip Bedi and Patrick Mavanga received over five and six years in prison for a crypto scam involving 65 investors in the UK.
The scam involved cold-calling investors and luring them into a fake digital asset platform promising high returns with no actual trading activity taking place.
Investors were misled with false promises of risk-free profits, leading to losses amounting to thousands of pounds for some victims.
The Financial Conduct Authority (FCA) warns the public to be cautious of unsolicited investment offers and to verify firms before investing in the crypto space.