J. Barry Thompson, the principal of Volantis Escrow Platform LLC has pled guilty to participating in a scheme to defraud his victims of millions of dollars. This announcement by the Department of Justice (DOJ) comes slightly over 2 years after the incident occurred.

Jon Thompson the owner of Volantis admitted to having committed a multimillion-dollar crypto fraud before Manhattan federal district court for failing to complete $3.25m and $7 transactions respectively to an unnamed customers

U.S district court headed by Alvin Hellerstein passed on a judgement in favour of the U.S.