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CoinOtag 2024-07-04 08:51:48

US Court Slaps Over $120 Million Fine for Crypto Pyramid Scheme Involving Bitcoin and Ethereum

U.S. district judge in Illinois orders over $120 million penalty in a crypto Ponzi scheme case. Commodity Futures Trading Commission (CFTC) wins the case against an Oregon-based individual and his company. Part of the penalty will compensate victims of what CFTC describes as a ‘Ponzi-like scheme.’ Illinois judge delivers over $120 million penalty in a

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