Several government agencies announced on Thursday that they’re taking action against alleged crypto scammers. Some of the cases involved are truly something else.
The main US derivatives regulator is the latest authority to seek penalties from a Bitcoin trader that’s been accused by South African officials of operating a massive crypto Ponzi scheme.
CFTC took charge and filed charges against South African crypto fraud involving bitcoins. The U.S commodities went on to announce that it had filed case against a South African man and his company for successfully carrying out a fraudulent commodity pool worth over $1.7 billion particularly in bitcoin.