So-Called Crypto ‘Godfather’ Gets 78 Months as $37M Meta Fraud Unravels

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Bitcoin.com
So-Called Crypto ‘Godfather’ Gets 78 Months as $37M Meta Fraud UnravelsWorldPing
Image via Bitcoin.com.

What happened

Adam Iza called himself “The Godfather” and used money from a roughly $37 million Meta advertising fraud to hire off-duty Los Angeles County sheriff’s deputies.

Five former deputies have since been convicted.

Key facts

  • Adam Iza called himself “The Godfather” and used money from a roughly $37 million Meta advertising fraud to hire off-duty Los Angeles County sheriff’s deputies.
  • Reported by Bitcoin.com and published Wed, 07 Oct 2026 03:45:12 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. FinCEN drops crypto mixing proposal as backlash kills rule

  2. Crypto Card Payments Hit Record $12.5 Billion as Stablecoin Adoption Surges

  3. Circle Welcomes DJ Khaled to 'Team USDC' and Crypto Twitter Is Furious

  4. SEC drops to 2 members, and 1 hidden rule shifts crypto power

  5. So-Called Crypto ‘Godfather’ Gets 78 Months as $37M Meta Fraud Unravels

  6. Bitcoin briefly slides below $84,000 as crypto long liquidations reach $487 million

Sources

The original report was published by Bitcoin.com. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Bitcoin.com

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