The US government seems to be worked up about cryptocurrency scams. On Thursday, the Commodity Futures Trading Commission (CFTC), Federal Bureau of Investigation, and Department of Justice all released news that they were taking some form of action against people accused of carrying out multimillion or billion-dollar schemes. One of the cases involves knock-off apes, one is the “largest fraudulent scheme involving Bitcoin charged in any CFTC case,” and one involves someone nicknamed “the Cryptoqueen.” The wave of enforcement is happening against a backdrop of plummeting crypto prices.
Let’s start with the CFTC — the regulator has filed an action against a company called Mirror Trading International (MTI), which was run by a South African...
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.