The CFTC just sued Cash FX over what it calls a crypto-linked forex operation worth about $950 million. Per the filing, the firm barely traded forex at all.
Most of the money clients put in, the agency says, got misappropriated instead of put to work in the markets they were sold.
That is the thing to watch in pitches like this: how much real trading shows up versus how much of the pool quietly disappears.
$RARE $PHA $ARK
Most of the money clients put in, the agency says, got misappropriated instead of put to work in the markets they were sold.
That is the thing to watch in pitches like this: how much real trading shows up versus how much of the pool quietly disappears.
$RARE $PHA $ARK