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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Use Caution When Buying Cryptocurrencies, Says CFTC

Investing, News | July 17, 2018 By:

The US Commodity Futures Trading Commission (CFTC) has advised consumers to do their homework before purchasing cryptocurrencies.

In a customer advisory, the CFTC told investors to exercise caution and conduct extensive research before purchasing digital coins or tokens, including those self-described as “utility coins” or “consumption coins.”

“This advisory is part of the CFTC’s education and outreach efforts to help educate and inform market participants,

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