The US Commodity Futures Trading Commission accused the operators of the Prime FX platform, which trades bitcoin and foreign currencies, of defrauding investors in the amount of $ 1.2 million.
How
reported on the website of the US Commodity Futures Trading Commission (CFTC), the fraudulent scheme was run by the Nigerian Uduakobong Udo Inyangudo, also known as Alexander Uti Bassey, along with seven associates from the United States. Bassi was the Prime FX site administrator and was responsible for domain management. The agency claims that between June 2016 and February 2019, the defendants used the Primefx.org platform for fraudulent activities and extortion.
According to the CFTC, the organizers of the Prime FX scheme have provided people with false statements regarding Bitcoin and foreign exchange trading. Bassi urged users from the United States and other countries to transfer funds to his bank account and the accounts of other organizers of the fraudulent scheme. Ultimately, the attackers embezzled more than $ 1.2 million in funds from deceived customers.
The agency is actively fighting against fraudulent projects using cryptocurrencies in order to increase the protection of users. A few days ago, the agency fined 12 New York-based cryptocurrency options firms for not registering and providing investors with misleading information. In addition, the CFTC recently announced the need to attract additional resources in order to expand the authority to work directly with the cryptocurrency market.
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