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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInFTC Probes BitMart Exchange Hack, Marking US Agency’s First Crypto Case – Bloomberg
The Federal Trade Commission is investigating the operators of the BitMart cryptocurrency exchange over a December 2021 hack that led to consumer losses between $150 million and $200 million — marking the agency’s first known probe into crypto markets. The investigation was disclosed Wednesday in an FTC order denying a bid by BitMart operators Bachi.Tech […]
FTC shuts down the ‘Bitcoin Funding Team’ for promoting deceptive moneymaking scheme
The Federal Trade Commission shut down multiple online moneymaking schemes involving cryptocurrency Friday. A federal court in Florida, at the request of the FTC, halted activities and froze the assets of four men for allegedly promoting “deceptive” chain referral networks. via FTC shuts down the ‘Bitcoin Funding Team’ for promoting deceptive moneymaking scheme.