According to ChainCatcher, the U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against a fake trading platform and its related parties, accusing them of defrauding investors of up to $3.6 million. The scam mainly targeted Asian Americans and involved raising funds in fiat currency and digital assets and falsely promising commodity futures trading, but the actual funds were misappropriated and transferred overseas.

The CFTC filed a civil case against Aipu Ltd. and several other defendants, alleging they fraudulently solicited funds from at least 32 customers. The regulator said it will seek restitution, disgorgement of ill-gotten gains, civil penalties and a permanent injunction against further violations.