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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/7\/1\/23188158\/government-actions-cftc-doj-fbi-bitcoin-nft-investment-scams-market-crash<\/a> The US government seems to be worked up about cryptocurrency scams. On Thursday, the Commodity Futures Trading Commission (CFTC), Federal Bureau of Investigation, and Department of Justice all released news that they were taking some form of action against people accused of carrying out multimillion or billion-dollar schemes. One of the cases involves knock-off apes, one is the \u201clargest fraudulent scheme involving Bitcoin charged in any CFTC case,\u201d and one involves someone nicknamed \u201cthe Cryptoqueen.\u201d The wave of enforcement is happening against a backdrop of plummeting crypto prices<\/a>.<\/p>\n Let\u2019s start with the CFTC \u2014 the regulator has filed an action<\/a> against a company called Mirror Trading International (MTI), which was run by a South African man named Cornelius Johannes Steynberg. The commission says MTI pitched potential investors by saying it had a bot that invested a pool of Bitcoin into opportunities individual investors may not have access to. Allegedly, people ended up contributing 29,000 Bitcoin to the fund, hoping to get a return on their investment. MTI collapsed in 2020<\/a>, but the CFTC says those Bitcoin were at one point worth over $1.7 billion.<\/p>\n
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