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According to Block Report, the United States Department of Justice (DOJ) today announced that J. Barry Thompson, from Pennsylvania, has claimed responsibility for a $ 7 million bitcoin scam, according to Block Report. According to the report, Thompson promised consumers two Bitcoin exchanges worth more than $ 3 million in June and July 2018, but never reached a deal. Thompson was arrested in late July 2019 and sentenced today in federal court in Manhattan. He faces up to 10 years in prison and a fine of approximately $ 7.5 million in damages for each participant.