CFTC Charges South African Pool Operator and CEO with $1.7 Billion Fraud Involving Bitcoin Fraud

CFTC release 8549-22 · 2022-06-30 · view on cftc.gov ↗

Key facts

Release number
8549-22
Release date
2022-06-30
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8549-22

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.