🚨 Heads up, BTC enthusiasts! The US Commodity Futures Tradi

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🚨 Heads up, BTC enthusiasts! The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Mosaic Exchange Limited and its CEO Sean Michael for allegedly operating a fraudulent digital asset commodity scheme. 🚨 Between 2019 and 2021, Mosaic falsely claimed to have significant assets under management and a proprietary trading algorithm with an 82% accuracy rate. They also boasted high-profit margins of 20% to 60% per month and partnerships with certain crypto exchanges. 📈💰 However, the CFTC found that Mosaic didn't possess the substantial assets it claimed, and its trading algorithm actually incurred losses for customers. The profit margins and partnerships were also unsubstantiated. 😱💔 CFTC Commissioner Kristin Johnson called the scheme a "sham" and a "virtual house of cards," resulting in investors losing massive wealth. Stay vigilant, folks! 🕵️‍♂️💸

🚨 Heads up, BTC enthusiasts! The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Mosaic Exchange Limited and its CEO Sean Michael for allegedly operating a fraudulent digital asset commodity scheme. 🚨
Between 2019 and 2021, Mosaic falsely claimed to have significant assets under management and a proprietary trading algorithm with an 82% accuracy rate. They also boasted high-profit margins of 20% to 60% per month and partnerships with certain crypto exchanges. 📈💰
However, the CFTC found that Mosaic didn't possess the substantial assets it claimed, and its trading algorithm actually incurred losses for customers. The profit margins and partnerships were also unsubstantiated. 😱💔
CFTC Commissioner Kristin Johnson called the scheme a "sham" and a "virtual house of cards," resulting in investors losing massive wealth. Stay vigilant, folks! 🕵️‍♂️💸

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