According to TechFlow, on September 29, Bitcoin.comNews reported that the U.S. Commodity Futures Trading Commission (CFTC) announced that it had filed a civil lawsuit against defendants including Aipu Ltd., Qian Bai, Lan Bai, Fidefx Investments Ltd., and Chao Li in the Federal District Court for the Western District of Washington. The CFTC accused the defendants of defrauding at least 32 customers of approximately $3.6 million through fake trading platforms, mainly targeting Asian Americans. The scam involved fiat currencies and digital assets, falsely promising to trade commodity futures and foreign exchange contracts, but actually transferring funds overseas. The CFTC is seeking to recover compensation, confiscate illegal gains, impose civil penalties, and impose a permanent ban on further violations.
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CFTC sues multiple fake trading platforms for defrauding at least 32 customers of approximately $3.6 million
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