The US financial regulator Commodity Futures Trading Commission (CFTC) has won a record-breaking $3.4 billion penalty in a lawsuit involving a fraudulent scheme related to Bitcoin. Texas District Court Judge Lee Yeakel ordered Cornelius Johannes Steynberg to pay the sum for his role in perpetrating a fraudulent commodity pool scheme involving foreign currency transactions and Bitcoin. Steynberg, a South African national and CEO of Mirror Trading International Proprietary Limited (MTI), was ordered to pay $1.73 billion in restitution to defrauded victims and an additional $1.73 billion civil monetary penalty. This article will delve into the details of the case and its implications.
LIVE
Mkt Cap $2.30T
BTC Dom 56.75 %
BTC
$64,997.00
▲ +1.10%
ETH
$1,917.50
▲ +0.90%
USDT
$0.999465
▲ +0.00%
BNB
$593.05
▲ +0.00%
USDC
$0.999678
▲ +0.00%
XRP
$1.04
▲ +0.90%
SOL
$74.89
▲ +3.10%
TRX
$0.327571
▲ +0.20%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.40
▼ -2.20%
DOGE
$0.07026
▲ +1.60%
USDS
$0.999892
▲ +0.00%
RAIN
$0.012709
▲ +1.20%
LEO
$9.74
▼ -0.20%
ZEC
$509.66
▲ +1.10%
ADA
$0.201169
▲ +0.80%
XMR
$380.56
▲ +3.30%
WBT
$56.23
▲ +1.00%
LINK
$8.26
▲ +1.00%
XLM
$0.163777
▲ +1.40%
DAI
$0.999812
▲ +0.00%
BCH
$216.54
▲ +1.60%
USD1
$0.99991
▲ +0.00%
USDE
$0.999702
▲ +0.00%
GRAM
$1.35
▼ -0.30%
Mkt Cap $2.30T
BTC Dom 56.75 %
BTC
$64,997.00
▲ +1.10%
ETH
$1,917.50
▲ +0.90%
USDT
$0.999465
▲ +0.00%
BNB
$593.05
▲ +0.00%
USDC
$0.999678
▲ +0.00%
XRP
$1.04
▲ +0.90%
SOL
$74.89
▲ +3.10%
TRX
$0.327571
▲ +0.20%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.40
▼ -2.20%
DOGE
$0.07026
▲ +1.60%
USDS
$0.999892
▲ +0.00%
RAIN
$0.012709
▲ +1.20%
LEO
$9.74
▼ -0.20%
ZEC
$509.66
▲ +1.10%
ADA
$0.201169
▲ +0.80%
XMR
$380.56
▲ +3.30%
WBT
$56.23
▲ +1.00%
LINK
$8.26
▲ +1.00%
XLM
$0.163777
▲ +1.40%
DAI
$0.999812
▲ +0.00%
BCH
$216.54
▲ +1.60%
USD1
$0.99991
▲ +0.00%
USDE
$0.999702
▲ +0.00%
GRAM
$1.35
▼ -0.30%
BTC
$64,997.00
▲ +1.10%
ETH
$1,917.50
▲ +0.90%
USDT
$0.999465
▲ +0.00%
BNB
$593.05
▲ +0.00%
USDC
$0.999678
▲ +0.00%
XRP
$1.04
▲ +0.90%
SOL
$74.89
▲ +3.10%
TRX
$0.327571
▲ +0.20%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.40
▼ -2.20%
DOGE
$0.07026
▲ +1.60%
USDS
$0.999892
▲ +0.00%
RAIN
$0.012709
▲ +1.20%
LEO
$9.74
▼ -0.20%
ZEC
$509.66
▲ +1.10%
ADA
$0.201169
▲ +0.80%
XMR
$380.56
▲ +3.30%
WBT
$56.23
▲ +1.00%
LINK
$8.26
▲ +1.00%
XLM
$0.163777
▲ +1.40%
DAI
$0.999812
▲ +0.00%
BCH
$216.54
▲ +1.60%
USD1
$0.99991
▲ +0.00%
USDE
$0.999702
▲ +0.00%
GRAM
$1.35
▼ -0.30%
Mkt Cap $2.30T
BTC Dom 56.75 %
BTC
$64,997.00
▲ +1.10%
ETH
$1,917.50
▲ +0.90%
USDT
$0.999465
▲ +0.00%
BNB
$593.05
▲ +0.00%
USDC
$0.999678
▲ +0.00%
XRP
$1.04
▲ +0.90%
SOL
$74.89
▲ +3.10%
TRX
$0.327571
▲ +0.20%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.40
▼ -2.20%
DOGE
$0.07026
▲ +1.60%
USDS
$0.999892
▲ +0.00%
RAIN
$0.012709
▲ +1.20%
LEO
$9.74
▼ -0.20%
ZEC
$509.66
▲ +1.10%
ADA
$0.201169
▲ +0.80%
XMR
$380.56
▲ +3.30%
WBT
$56.23
▲ +1.00%
LINK
$8.26
▲ +1.00%
XLM
$0.163777
▲ +1.40%
DAI
$0.999812
▲ +0.00%
BCH
$216.54
▲ +1.60%
USD1
$0.99991
▲ +0.00%
USDE
$0.999702
▲ +0.00%
GRAM
$1.35
▼ -0.30%
