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Bank for International Settlements

Bitcoin Pyramid Scheme Fraudster Ordered to Pay $3.4 Billion

The Commodities Futures Trading Commission patted itself on the back for winning one of the largest civil cases against a crypto crook, even if most—or any—of those affected will see any of their money returned. On Thursday, a Texas judge issued a default judgment in a multi-billion fraud case against a man accused of swindling billions in bitcoin from unsuspecting people online looking to invest in bitcoin.Crypto Exchanges Restrict WithdrawalsThe CFTC filed its massive $3.4 billion civil suit last year against Cornelius…