Head of PGI Receives Two Decades Imprisonment for $200 Million Bitcoin Fraud
The CEO of Praetorian Group International (PGI), Ramil Ventura Palafox, has been sentenced to 20 years imprisonment for executing a $200 million Bitcoin Ponzi scheme that swindled over 90,000 global investors. Palafox, a dual citizen of the US and the Philippines, falsely marketed PGI as a Bitcoin trading firm offering daily returns between 0.5% and 3%. In truth, PGI lacked the capability to generate such returns, and investors' payoffs were made using their deposits or funds from new investors. Palafox misused investors' funds on luxury cars, penthouses, extravagant homes, and high-end fashion items. He also transferred substantial assets to a relative. The victims of the scheme might be eligible for compensation, according to the Justice Department. Concurrently, the UK branch of PGI Global was closed down by the UK High Court in 2022, and the US SEC accused Palafox of organizing the Ponzi scheme in 2025.
$FOGO’s 40ms block target with the Firedancer client isn’t the headline.
Permissionless validator co-location is.
When physical proximity determines latency, infrastructure access becomes advantage. On most chains, searchers pay for private co-location. FOGO makes low-latency positioning protocol-defined and public.
That shifts builder assumptions.
Instead of designing around partial execution risk, where step one succeeds, step two times out, and step three reverts, composable DeFi can assume atomic cross-program execution either completes fully or fails cleanly.
SVM enables parallel execution.
What matters more is whether multi-step transactions feel deterministic under load.
With 40ms block cadence and colocated validators, FOGO is betting execution certainty matters more than peak TPS.
Early activity remains measured. Validator participation is expanding, but public DeFi deployments are still selective. That is normal. Serious teams stress-test infrastructure before adversarial MEV dynamics emerge.
Benchmarks prove throughput.
Adversarial flow proves architecture.
Speed is easy when there is no economic incentive to break composability. Real validation comes when profit is on the line and atomicity still holds.
#fogo @fogo $FOGO
Why Agentic AI Needs Its Own Chain?
Simply because right now agents aren’t just generating text. They’re executing actions, coordinating value, and making autonomous decisions. That requires native identity, verifiable data access, deterministic execution, and onchain settlement.
A purpose-built chain ensures agents can operate with sovereignty, composability, and trust, not as plugins, but as first-class economic actors.
gCARV.
Here is a look back at the events from the previous week within the MultiversX ecosystem.
Significant strides were made in autonomous technology, highlighted by the introduction of the Agentic Identity Layer MX-8004. This new standard is designed specifically for Developers & Builders. The team also unveiled the MvX Agentic Stack, released a visualization of the MultiversX Universal Agentic Stack, and announced that the Agentic Explorer is now live.
On the infrastructure front, final preparations are underway for the Battle of Nodes. The #1 Priority for Supernova remains solving for speed. Looking at the immediate roadmap, WASI 0.3.0 is scheduled for shipping in February. Technical updates also included a recap of UCP, ACP, and AP2 Integrations as part of the weekly #multiversxtech report.
Across the broader network, @OneDex_X is close to the launch of its CLMM. Education was a key theme as @XoxnoNetwork partnered with @BCSchool_ to provide a DeFi course. Additionally, Native Staking for agents is now available with @JoAIAgents. On the creative side, the MvX Community has been designing custom Agent PFPs. We also hope everyone had a Happy Valentine's Day!
Special recognition goes to the following ecosystem highlights: @SasuRobert, @creativEllah, @ColombiaStaking, @lucianmincu, @chessucation, @Sheltersfinance, @ThePalmTreeNW, @xAllianceDAO, and @ClawsNetwork.
Current network metrics for MultiversX show 9.16 M accounts, a total of 588M transactions, and 14.2M staked. The xPortal application records 2.5M+ users, with over 100k+ users who stake $EGLD. Finally, xExchange data indicates a TVL of $4.72M and a 1.8M USD 7d Volume.
$AVAX
{spot}(AVAXUSDT)
BTCFellBelow$69,000Again#OpenClawFounderJoinsOpenAI #VVVSurged55.1%in24Hours #PEPEBrokeThroughDowntrendLine #TradeCryptosOnX looks like it’s been sleeping under a layer of ice… but the pressure is building. ⚡
This “frozen dip” zone is where momentum traders quietly load while everyone else scrolls past it.
If AVAX holds the chill and starts to spark, this is the map I’m watching:
Entry Zone: 9.1 – 9.3
TP1: 10.5 (first thaw)
TP2: 12 (momentum turns real)
TP3: 15 (full wake-up move)
SL: 8.4 (no ego, just control)
I’m not here to predict the future like it’s magic. I’m here to follow price when it starts moving like it remembers who it is. If the bounce comes, it can come fast. If it doesn’t, we step aside clean.
Most AI chains talk about intelligence at the application layer.
Vanar Chain (VANRY) is trying to move it one layer deeper.
Over the past few months, the project has shifted from narrative to structure. The AI-native stack is now live. Neutron, its on-chain data compression layer, moved to a subscription model. Pilot AI agents can interact with the chain through natural language. These aren’t marketing updates. They’re infrastructure decisions.
That’s the key idea.
Vanar isn’t positioning itself as “another fast EVM chain.” It’s positioning as a chain where data is not just stored, but interpreted. Where AI is not a plugin, but part of the execution environment.
Moving Neutron to paid access is particularly telling. Free tools attract users. Paid tools signal confidence in utility. It suggests the team believes developers will pay for persistent, compressed, AI-readable on-chain data.
The bet here is simple but ambitious:
Blockchains shouldn’t just verify transactions. They should understand context.
If that thesis holds, Vanar becomes more than a Layer 1. It becomes an execution environment for intelligent applications.
Now the real question is adoption.
Infrastructure is ready. Usage will decide the rest.
@Vanar #vanar $VANRY
{spot}(VANRYUSDT)