US court orders South African firms CEO to pay 34 billion for bitcoin fraud

US court orders South African firms CEO to pay 34 billion for bitcoin fraud

WASHINGTON (Reuters) – A federal judge in Texas ordered the head of a South African firm to pay a whopping $3.4 billion for what the U.S. commodities regulator said was its largest-ever fraud case involving bitcoin. Cornelius Johannes Steynberg was ordered to pay $1.7 billion in restitution to victims of…Read More

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