CFTC Issued a Warning Against Crypto Fraud

The Commodity Futures Trading Commission of the USA issued a warning about cryptocurrency pump-and-dump schemes  
15 February 2018   891

The statement was published today. It includes the latest investor warning from the U.S. commodities and derivatives regulator. CFTC already put a warning that urged caution around investing in cryptocurrency retirement accounts earlier this month.

CFTC joined the other regulator, Securities and Exchange Commission (SEC). which also warned about pump-and-dump schemes around ICOs.

According to the official release, investors should do a research before potentially buying a cryptocurrency. The statement focuses on crypto promotion in social media. Investors should not buy crypto based on social media tips or sudden price spikes. It is important to distinguish hype from facts.

CFTC described the methods by which the pump groups manipulate members to drive prices. They are false news reports about partnerships with small company and investor who plans to pour millions of dollars into a small, lesser-known cryptocurrency or coin.

CFTC is going to seek enforcement actions against those who organize such groups.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   82

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.