The Commodity Futures Trading Commission (CFTC) won the lawsuit over Bitcoin (BTC) fraud, raising $3.4 billion in revenue.
The BTC fraud case, organized by the US financial regulator, has concluded. The judge announced that the CFTC would win $3.4 billion by winning the case. Commenting on the settled case, the CFTC said it was “the highest civil fine ever awarded in a CFTC case”. The CFTC, which waged a war against BTC fraud schemes, won this war and earned a record income.
CFTC’s Moves Continue
An April 27 statement from the CFTC ordered Texas District Court Judge Lee Yeakel to fine Cornelius Johannes Steynberg for being involved in a fraudulent commodity pool scheme involving currency transactions and BTC. Focusing on cryptocurrencies and crypto exchanges in recent weeks, the CFTC has become the new focus of the crypto investor.
The CFTC, which has recently sued Binance, continues its moves towards many organizations. It is a matter of curiosity what will be the next target of the CFTC, which has earned a record value from its last lawsuit.
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