ChainCatcher reported that 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, accusing them of fraudulently soliciting funds from at least 32 customers. The regulator said it would seek compensation, confiscate illegal gains, impose civil penalties, and impose a permanent ban on further violations.