
Brendan Gunn, brother of famous breakdancer Ray Gunn, has been charged with cryptocurrency fraud and, according to ASIC, he managed an illegal source of $100,000 through a company called Mormarkets Pty Ltd. If convicted, he faces up to three years in prison or a $37,800 fine. Australia is stepping up its crackdown on crypto fraud, with regulators having already shut down more than 10,000 fraudulent websites.