Alleged crypto Ponzi schemer ordered to produce private keys or pay a $1,000 fine per day
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Quick Take
- CFTC v. Saffron is a Nevada federal court enforcement lawsuit filed in connection with an alleged Bitcoin related Ponzi scheme
- The Court held defendants in civil contempt for failing to comply with an order to, among other things, disclose private keys related to bitcoin holdings and transactions
- If Defendant fail to comply by early February, they will have to pay a $1,000 per-day fine.
One of the more interesting cases I’ve read recently starts with a Ponzi scheme and ends with an order to produce private keys to the Commodity Futures Trading Commission (“CFTC”). If you’ve been following the Craig Wright/Ira Kleiman bonded courier lawsuit in Florida, you probably recall hearing something about contempt of court. In a nutshell: […]
accessprotocol.co
Subscribe for Premium Content
To unlock this and other Premium content, subscribe via Access Protocol. You can pay with SOL.
