According to a statement released by the U.S. Commodity Futures Trading Commission (CFTC) on Friday, U.S. District Court Judge Vince Chhabria of the Northern District of California ordered 30-year-old William Koo Ichioka to pay $31 million to victims and a $5 million civil penalty. The CFTC accused Ichioka in June 2023 of misappropriating funds in a scam involving cryptocurrencies (including Bitcoin and Ethereum) and foreign exchange trading. According to the court judgment, he told investors that participating in his commodity liquidity pool would earn a 10% return every 30 business days. (TheBlock)