CFTC Wins $36 Million Fine Against Crypto Fraudster

Quick Summary:

The US Commodity Futures Trading Commission (CFTC) has secured a $36 million-dollar fine against forex and digital asset scammer William Koo Ichioka.

This development comes amidst rising levels of crypto fraud losses over the last year.

Interestingly, investment scams similar to that by Ichioka were responsible for 71% of these reported losses.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: Hungary

Topics: William Ichioka Bitcoin Crypto scam DOJ Crypto Market Penalty fine Crypto Scam Crypto Fraud CFTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-21 @ 15:00:41 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22631902

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 8 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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