Cryptocurrency Trading Platform Mosaic Exchange Limited


Cryptocurrency Trading Platform Mosaic Exchange Limited

The CFTC has announced that it’s taken action against a company called Mosaic Exchange Limited and its founder, Sean Michael.

According to the CFTC, the company operated a fraudulent digital asset commodity scheme that bilked investors out of hundreds of thousands of dollars.

The agency also imposed sanctions on three over-the-counter cryptocurrency traders who allegedly helped the North Korean Lazarus Group to convert millions of dollars worth of Bitcoin into fiat currency.

Investment scams Rife in the Crypto Market Analyst Jim Hall points out that there’s definitely a need for more investor protection in the crypto market as more and more frauds are cropping up.

He cites a recent report by Chainalysis that shows how prevalent investment scams have been this year

#shorts #CryptoNews #CryptoShorts #dollars #CFTC #investment scams

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