💰 CFTC fines Bitcoin trader $1.1 million for crypto fraud
The U.S. Commodity Futures Trading Commission (CFTC) has jailed a bitcoin ($BTC) trader and fined him over $1 million for running a fraudulent bitcoin and litecoin ($LTC) scheme. The trader, Arizona resident Joseph Kim, admitted to defrauding investors of hundreds of thousands of dollars after misappropriating more than $600,000 of his previous employer’s funds.
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