Cornelius Johannes Steynberg

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…

Photo: Dan Kitwood (Getty Images)Cryptocurrencies haven’t been doing so hot lately. The last three or four months have seen prices plummet,and the general outlook for crypto bros (and gals) has been grim. But crypto’s cruel summer and the instability that’s come with it haven’t changed the fact that fraud, theft, and financial mayhem are still going strong in the web3 world! Approximately four months ago, we did a roundup of the biggest crypto heists of the year. At that point, in early May, a little over a billion…