Crypto escrow agent dodges jail after lying over stolen millions

A Manhattan federal judge has let an escrow agent walk free for deceiving a crypto investment manager about having purchased $3.25 million worth of on their behalf in 2018.

During a hearing held over video conference on Feb. 4, U.S district Judge Edgardo Ramos ordered Volantis Market Making founder John Barry Thompson of Pennsylvania to repay the $3.25 million to New York-based investment manager, Iterative OTC, and sentenced him to three years of supervised release. Thompson pleaded guilty in October 2020.