Recently, IcomTech was sued by the United States District Court for the Southern District of New York for its involvement in a Ponzi scheme. The company's former CEO Marco Ruiz Ochoa has pleaded guilty to conspiracy to commit wire fraud. According to a statement from the U.S. Department of Justice, IcomTech promised investors investment products with daily returns, claiming to be a cryptocurrency mining and trading company, but in fact did not mine cryptocurrencies. The company also issued its own token Icom, which collapsed at the end of 2019.

In addition, the U.S. Commodity Futures Trading Commission (CFTC) announced charges against Mosaic Exchange Limited and its CEO Sean Michael. Mosaic Exchange was accused of enticing investors to allow it to conduct futures, swaps and leveraged spot transactions in cryptocurrencies on their behalf. CFTC Commissioner Kristen Johnson said the CFTC should begin to introduce regulation to address possible gaps in these new market structures.