CFTC Orders Bitcoin Trader To Pay $1.1M USD For Fraudulent Crypto Scheme

Crime, News | November 13, 2018 By:

An Arizona-based crypto trader has been fined $1.1 million by the US Commodity Futures Trading Commission (CFTC) for stealing cryptocurrencies from his previous employer, Chicago-based trading firm Consolidated Trading.

The CFTC issued an Order filing and settling charges against Joseph Kim for orchestrating a fraudulent cryptocurrency scheme that led to more than $1 million in losses.

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