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US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion

US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over .4 BillionJohann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission (CFTC) conceded that orders requiring payment of […]

Bitcoin proxy MicroStrategy debuts on Nasdaq-100

US Regulator Charges South African MTI and Its Operator With $1.7 Billion Fraud Involving Bitcoin

US Regulator Charges South African MTI and Its Operator With .7 Billion Fraud Involving BitcoinThe U.S. Commodity Futures Trading Commission (CFTC) has charged Mirror Trading International (MTI) and its operator with a $1.7 billion fraud involving bitcoin. This action is the regulator’s largest fraud scheme case involving the cryptocurrency. CFTC Takes Action Against MTI The CFTC announced Thursday that it has charged a “South African pool operator and CEO […]

Bitcoin proxy MicroStrategy debuts on Nasdaq-100