đ¨ Crypto News Flash! đ¨
New York resident William Koo Ichioka has agreed to pay $36M in a CFTC case alleging crypto and forex fraud. Judge Vince Chhabria ordered $31M in investor restitution and a $5M fine. Ichioka promised a 10% yield every 30 working days but falsified financial statements and used funds for personal luxuries.
đ§ Regulators like the CFTC are ramping up scrutiny as Capitol Hill debates new crypto laws.
What are your thoughts on increasing regulatory oversight? Share in the comments! đŹ
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