$1.1M Penalty Slammed on Mosaic Exchange in Crypto Fraud Scandal
Submitted by Anonymous (not verified) on Wed, 01/15/2025 - 07:10
A crypto firm has been fined $1.1 million for deceiving customers and misusing funds, as the CFTC highlights growing concerns about unregistered investment schemes. CFTC Strikes: Fraudulent Crypto Firm Banned, $1.1 Million Fine Issued The Commodity Futures Trading Commission (CFTC) announced on Monday that Mosaic Exchange Ltd. and its CEO, Sean Michael, have been ordered […]