NY court orders crypto scammer to pay $3 million
The New York Southern District Court has ordered the perpetrator of a BTC Ponzi scheme to pay about $3 million in penalties and restitution.
Latest Commodity Futures Trading Commission News
CFTC official issues warning over smart contracts, predictive code
A CFTC commissioner has warned smart contract developers that they could be held liable for blockchain functions deemed to be "predictive event contracts."
No, really: Cryptocurrencies are commodities in US
For years, the U.S. Commodity Futures Trading Commission (CFTC) has been clear on its stance—cryptocurrencies are commodities, just like oil and corn.
CFTC goes after crypto fraudsters accused of impersonating regulators
Two people are facing a slew of charges, including fraudulent solicitation, impersonation and forging official documents in the United States—all in an effort to steal cryptocurrency.
US court junks My Big Coin Pay’s attempt to dismiss CFTC lawsuit
A court in Massachusetts has backed the U.S. Commodity Futures Trading Commission (CFTC) in their interpretation of virtual currencies as commodities (and thus within the regulator’s jurisdiction), in the process dismissing a petition from the My Big Coin’s promoters to have the case set aside.
Another win for crypto: Bank giants fined billions for malpractice
Reports are surfacing that major banks could be fined as much as $400 billion by 2020 for malpractice.
CFTC wins: ‘Vicious’ crypto fraud faces lifetime trading ban, $1.1M fine
Patrick Kerry McDonnell, operator of Cabbage Tech Corp. aka Coin Drop Markets, has been permanently banned from trading in digital assets and ordered to cough up $1.1 million in fines in connection with a case filed by the U.S. Commodity Futures Trading Commission (CFTC).
Court slaps Colorado illegal crypto pool operator with $1.9M fine
A New York court has found Dillon Michael Dean, a Colorado-based cryptocurrency pool operator, of fraud charges. Dean’s company, The Entrepreneurs Headquarters Limited (TEH) has been the subject of an early 2018 lawsuit by the U.S. Commodity Futures Trading Commission.
Phil Potter bails on Bitfinex exchange
Phil Potter, chief strategy officer of Bitfinex, has left the cryptocurrency exchange for personal reasons.
Legal challenge to CFTC may set precedent for crypto regulations in US
The legal challenge concerns a relatively unknown cryptocurrency, My Big Coin, which the CFTC alleges has been involved in a fraud estimated at $6 million.
CFTC moves forward with crypto price probe, demands info from exchanges
The U.S. Commodity Futures Trading Commission has contacted several cryptocurrency exchanges, ordering them to turn over trading data.
US regulator junks FOIA request for Bitfinex, Tether subpoenas: report
The U.S. Commodity Futures Trading Commission reportedly rejected an FOIA request for the subpoenas that were allegedly issued to cryptocurrency exchange Bitfinex and ‘stablecoin’ Tether.