US CFTC Secures Preliminary Ruling in $228 Million Cryptocurrency Ponzi Scheme Case

According to a report by Jinse Finance, citing @DecryptMedia, the U.S. Commodity Futures Trading Commission (CFTC) has obtained a preliminary judgment in a $228 million cryptocurrency Ponzi scheme case. Prior to this civil victory by the CFTC, Alexander had already been sentenced to nine years in prison in July 2023 following a criminal conviction. Since January 2025, a court-appointed receiver has begun distributing recovered funds to defrauded investors.