In a recent crypto Ponzi case, an Illinois district court judge has agreed with the Commodity Futures Trading Commission (CFTC) that two lesser-known altcoins, Olympus (OHM) and KlimaDAO (KLIMA), are commodities. The case involved Oregon resident Sam Ikkurty, who defrauded victims by promising 15% annual returns from investments in "digital asset commodities". Instead of returning profits, Ikkurty ran a Ponzi scheme, causing a $20 million shortfall for investors. The court ordered Ikkurty to pay over $120 million in restitution and disgorgement. KLIMA is currently trading at $3.55, down 99.9% from its 2021 peak.