CFTC Accuses Ohio Man of $12M Bitcoin Ponzi Scheme; Binance Recovers $450K Stolen From DeFi Protocol

Aug 12, 2022

The U.S. Commodities Futures and Trading Commission (CFTC) has taken legal action against an Ohio resident it says ran a $12 million Ponzi scheme involving bitcoin. Plus, Binance CEO Changpeng Zhao tweets the crypto exchange has frozen or recovered $450,000, which was stolen from decentralized finance protocol Curve.Finance earlier this week.

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