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Oyster Protocol founder gets 4 years jail for $5.5M tax evasion

Published 10/31/2023, 10:15 PM
Updated 11/01/2023, 12:00 AM
© Reuters.

Amir Bruno Elmaani, the 31-year-old founder of the now-defunct cryptocurrency scheme Oyster Protocol has been handed the maximum sentence of four years in prison for tax evasion.

The United States Attorney’s Office said on Oct. 31 that Elmaani — also known by the alias “Bruno Block” — was sentenced to prison following his April 6 guilty plea where he admitted to secretly minting and selling Pearl tokens while not paying income tax on a swathe of profits from the project.

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