Record $3.4B penalty paid in largest Bitcoin fraud case.
The US Commodity Futures Trading Commission (CFTC) has won a record-breaking $3.4bn penalty payment in a lawsuit involving a fraudulent scheme with Bitcoin. The penalty is the largest civil monetary penalty ordered in any CFTC case and the largest fraudulent scheme involving Bitcoin charged in any CFTC case. The CEO of Mirror Trading International Proprietary Limited, Cornelius Johannes Steynberg, a South African national, was ordered to pay $1.73bn in restitution to defrauded victims and an additional $1.73bn civil monetary penalty.