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

WASHINGTON, April 27 (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…Read More