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As five out of seven counts were serious, Hui sentenced Ng to six years and six months in jail. The groupβs featured image is of a Pepe frog yelling, often referred to as the βREEEEEEEβ meme. Pepe the Frog was created back in 2005 by Matt Furie and has since become an internet symbol for meme culture and βdegenβ culture. Itβs yet another bloodbath on Satoshi Street. As of press time, Bitcoin (BTC) and the broader cryptocurrency market have corrected another 10 percent amid a massive sell-off. Ethereum (EHT) is down a staggering 15 percent moving close to $1,000, down more than 42 percent on the weekly chart. Matt Hussey, editorial director of NEAR Protocol (and former editor-in-chief of Decrypt) responded to the news of the Telegram group with β#meIRL.β
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