đš CFTC targets Mosaic Exchange Limited in alleged crypto fraud case đš
- The US Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against Mosaic Exchange Limited and its CEO Sean Michael for operating a fraudulent digital asset commodity scheme đŒ
- Mosaic allegedly made false claims about assets under management, a proprietary trading algorithm, high-profit margins, and partnerships with crypto exchanges đ
- CFTC Commissioner Kristin Johnson called the scheme a "sham" and a "virtual house of cards" đ
What do you think about this case? Share your thoughts in the comments! đ #DeFi #crypto