BREAKING: 🇺🇸 US CFTC announces settlement of #Bitcoin fraud case against trading company MTI, required to return > 💵 $1.7B to defrauded victims and > $1.7B in civil monetary penalty 😱

The company claimed to have proprietary software that would realize significant trading gains for investors who pooled their #Bitcoin with it, but in reality no such "bot" existed.

It's "the highest civil monetary penalty ordered in any CFTC case"