JUST IN: U.S. regulators are suing Cash FX over an alleged $950M Ponzi scheme.
Investors were reportedly promised returns of up to 15% per week through “AI trading.”
According to the CFTC, there was little evidence of meaningful trading activity, while investors reportedly lost at least $406M.
A reminder that extremely high and consistent returns can be a major red flag.
#Crypto #Binance #Trading #CFTC
Investors were reportedly promised returns of up to 15% per week through “AI trading.”
According to the CFTC, there was little evidence of meaningful trading activity, while investors reportedly lost at least $406M.
A reminder that extremely high and consistent returns can be a major red flag.
#Crypto #Binance #Trading #CFTC