According to Foresight News, the US Commodity Futures Trading Commission (CFTC) announced that a federal court has ordered South African company Mirror Trading International Proprietary Limited (MTI) to pay over $1.7 billion in compensation for forex fraud. The ruling found the company guilty of fraudulent activities in retail forex trading, fraudulent activities by commodity pool operators (CPO), violation of registration regulations, and non-compliance with CPO regulations.

The CFTC stated that MTI's controller, Steynberg, participated in an international fraudulent multi-level marketing scheme from around May 2018 to March 2021, selling Bitcoin to users and participating in MTI's unregistered commodity pool. Over $1.7 billion in public funds were misappropriated, making it the largest Bitcoin-related fraud case for the CFTC.