🚨 CFTC targets Mosaic Exchange Limited in alleged crypto fraud case 🚨

- 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 💼

- Mosaic allegedly made false claims about assets under management, a proprietary trading algorithm, high-profit margins, and partnerships with crypto exchanges 📈

- CFTC Commissioner Kristin Johnson called the scheme a "sham" and a "virtual house of cards" 🃏

What do you think about this case? Share your thoughts in the comments! 👇 #DeFi #crypto