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A US judge has ordered a South African executive to pay more than $3.4-billion (R62.3-billion) in restitution and fines for a fraud scheme involving Bitcoin the highest-ever civil monetary penalty in any US Commodity Futures Trading Commission case.
A federal judge in Texas has ordered the head of a South African firm to pay a whopping $3.4bn (R62.35bn) for what the US commodities regulator said was its largest ever fraud case involving bitcoin.