Swede behind giant fraud – sentenced to 20 years in prison

Updated September 15, 2023, Published September 13, 2023 – By Editorial staff
Karl Sebastian Greenwood.

Karl Sebastian Greenwood, a 46-year-old native of Stockholm, is identified as the brain behind one of the biggest scams ever. Through the fictional cryptocurrency OneCoin, he, along with the so-called "Crypto Queen", Ruja Ignatova, tricked investors from all over the world into investing over SEK 40 billion. Now a court in New York has sentenced him to 20 years in prison.

Sebastian Greenwood, who began using his middle name Karl as a nickname, was arrested in Thailand in 2018 after tricking people around the world into investing in a cryptocurrency that did not exist. His accomplice, Ruja Ignatova, is internationally wanted since 2017 and was charged in absentia, Bloomberg reports.

Between 2014 and fall 2016, despite total investments of 40 billion, OneCoin had revenues of over 30 billion according to the FBI. Profits during this period amounted to over 20 billion SEK.

Greenwood has been in custody in New York for five years on suspicion of money laundering and computer fraud. In December, he pleaded guilty to three of the criminal charges.

"Karl takes full responsibility for what he has done and deeply regrets his actions," his defense lawyers said, according to Swedish news outlet SvD.

Despite his confession and the time he spent in custody, the court chose to sentence him to a total of 20 years in prison. The five years Greenwood spent in custody will be deducted from the total sentence, meaning he has 15 years left to serve.

Around 60,000 Swedes are said to have invested in OneCoin. Greenwood's defense asked the court to consider his remorse and the suffering of his parents, who, according to the defense lawyers, are "paralyzed by the fear of not seeing their son return home".

The maximum sentence for each crime he was charged with was 20 years. Given the seriousness of the charges and the scale of the fraud, the court chose to impose a severe sentence, despite the defense's request for a lighter sentence or extradition to Sweden.

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Breakthrough could give China unlimited nuclear energy

Published yesterday 12:33 pm – By Editorial staff

The Shanghai Institute of Applied Physics, a Chinese research institute, has successfully converted thorium into uranium in an experimental reactor, enabling nearly unlimited access to nuclear energy.

The two-megawatt molten salt reactor is the world's only functioning facility of its kind.

The experiment has, according to the Chinese Academy of Sciences, demonstrated that thorium-based technology is technically feasible in molten salt reactors and represents a significant breakthrough. It is the first time researchers have been able to collect experimental data from thorium operation in such a reactor, reported the newspaper Science and Technology Daily.

The reactor has produced heat through nuclear fission since reaching criticality on October 11, 2023, according to Li Qingnuan, party secretary and deputy director at the institute.

Superior fuel availability

Thorium exists in much larger quantities and is more readily available than uranium. A single mining waste site in Inner Mongolia is estimated to contain enough thorium to supply all of China with energy for over a thousand years.

The new technology is based on a process where naturally occurring thorium-232 is converted into uranium-233 inside the reactor core. Thorium-232 absorbs a neutron and becomes thorium-233, which then decays into protactinium-233 and finally into uranium-233 – a fissile material that can sustain nuclear reactions.

The thorium is dissolved in a fluoride salt that forms a high-temperature molten mixture which functions as both fuel and coolant. The system creates a self-sustaining cycle where the reactor "breeds" fuel while simultaneously producing energy.

Requires no water cooling

Unlike conventional reactors, the thorium reactor requires no water at all for cooling, allowing it to be located in dry inland areas. The molten fluoride salts efficiently transfer heat at atmospheric pressure and extreme temperatures.

Safety is, according to the developers, significantly higher than in traditional reactors because the system operates at atmospheric pressure, eliminating the risk of high-pressure explosions. In the event of a leak, the molten salt would flow into a passive collection tank where it would solidify.

The reactor reached full power in June 2024, and in October of the same year, the world's first experiment with adding thorium to a molten salt reactor was conducted. China is now building a 100-megawatt demonstration reactor in the Gobi Desert with the goal of proving the technology is commercially viable around 2035.

Swedish Public Health Agency wants to classify red fly agaric as narcotics

Published November 14, 2025 – By Editorial staff

Products containing muscimol from fly agaric mushrooms have become increasingly popular and are often sold as natural medicine. Now the Swedish Public Health Agency (Folkhälsomyndigheten) wants the government to stop the trade by classifying the substance as narcotics.

The fly agaric has long been regarded as a symbol of poisonous mushrooms, but it is not quite as toxic as the destroying angel (Amanita virosa) – which is deadly. Historically, the fly agaric is said to have been used by Siberian shamans, among others, to alter their state of consciousness in order to establish contact with the spirit world in rituals.

In Sweden during the 1800s, people hardly ate any mushrooms at all, but the fly agaric was still considered useful as it was used as an insecticide against flies, from which it also got its name. When food became scarce for Swedes, authorities tried to encourage more mushroom consumption, which briefly led to a group of mushroom enthusiasts claiming that the fly agaric was edible, something that Populär Historia has written about. During the 1970s, the mushroom began to acquire its bad reputation after new knowledge about mushroom species began to take shape.

Poses a risk

Muscimol is a psychoactive substance that can produce sedative and hallucinogenic effects, and today the substance is often promoted by so-called alternative health groups as a remedy for sleep disorders, among other things. So-called retreats are even organized where participants ingest the mushroom in ceremonial settings.

Now the Swedish Public Health Agency wants to classify the substance as narcotics. According to the agency, the substance is currently available for purchase as candy and in e-cigarettes through various online stores, and they emphasize that the mushroom is poisonous and that people are exposing themselves to risk. In addition to relatively common symptoms such as headaches, dizziness, nausea, and hallucinations, there are reports of people falling into comas after taking the preparation.

It has properties that pose a danger to people's lives and health and which can be assumed to be used for the purpose of achieving intoxication, said Adli Assali, head of unit at the Swedish Public Health Agency, to P3 Nyheter.

The US Food and Drug Administration (FDA) banned trade in muscimol at the end of last year. This summer, the Swedish Public Health Agency initiated its own investigation following a request from the Swedish Customs Service (Tullverket), which had seized the substance at border controls. The Swedish government will now decide whether the substance should be classified as narcotics in Sweden.

Watch as Russia’s AI robot falls on stage

Published November 13, 2025 – By Editorial staff

Russia's first humanoid AI robot fell on stage during its official launch in Moscow this week. Staff rushed forward to shield the damaged robot while attempting to fix the malfunction.

What was meant to be a grand launch of Russia's venture into humanoid robotics ended in embarrassment. To the sounds from the Rocky film, the robot AIdol was led onto the stage by two staff members at a technology event in the Russian capital.

But the presentation ended in chaos when the robot lost its balance and crashed to the ground. Several parts came loose and staff hurried to pull the machine away and hide it behind a screen.

Behind the project is the Russian robotics company Idol, led by Vladimir Vitukhin. According to the company, AIdol is an advanced robot built mostly from domestic components.

Vitukhin explained the fall as a calibration problem and emphasized that the robot is still in the testing phase.

This is real-time learning, when a good mistake turns into knowledge, and a bad mistake turns into experience, Vitukhin said, according to Newsweek.

Despite the company's attempts to downplay the incident, criticism has been massive on Russian tech forums and social media. Many question the decision to showcase an obviously unfinished prototype.

AIdol is powered by a 48-volt battery that provides up to six hours of operation. The machine is equipped with 19 servo motors and a silicon skin designed to recreate human facial expressions.

The robot can smile, think, and be surprised – just like a person, Vitukhin said.

According to reports, AIdol consists of 77 percent Russian-produced components. After the fall, developers have withdrawn the machine while engineers examine the balance systems.

Swedish Prison Service opposes plan to lower criminal age to 13

Published November 12, 2025 – By Editorial staff

The Swedish government's proposal to lower the age of criminal responsibility to 13 is facing strong criticism. In its consultation response, the Swedish Prison and Probation Service (Kriminalvården) states that it is not equipped to receive such young children in prison and that they should be cared for in other ways.

By July 1 next year, the Swedish Prison and Probation Service is expected to have built prison units for children where both 15–17-year-olds and 13–14-year-olds convicted of serious crimes will serve sentences. At the same time, places at the special youth homes (SiS homes, state-run institutions for youth care) will be phased out.

In the consultation response, the Prison and Probation Service writes that imprisonment at a young age can lead to negative consequences, and that children "as young as 13 should be cared for in other ways".

These concerns become more significant the younger the children in question are, says Elisabeth Lager, acting legal director, to TT.

The Prison and Probation Service is clear that the organization does not have the required resources. It lacks both the expertise and suitable facilities to handle children as young as 13 within prisons, detention centers, or community-based sanctions such as probation. Practical issues such as education must also be addressed. At the same time, it is noted that the level of the age of criminal responsibility is ultimately a political matter.

Swedish Justice Minister Gunnar Strömmer writes that the government will "carefully analyze all consultation responses". He emphasizes that society must "care for children in a completely different way than today" in cases of the most serious crimes, both to protect victims and society, but also the children themselves.