Significant legal developments in the crypto space: Michael Malekzadeh has been sentenced to 70 months in federal prison for orchestrating an $80 million fraud scheme tied to Zadeh Kicks. The conviction marks another major case highlighting the importance of due diligence and regulatory compliance in Web3 ventures. The substantial prison sentence reflects the severity of the offense and serves as a stark reminder of the legal consequences associated with fraudulent activities in the digital asset ecosystem.