Mosaic Exchange: CFTC judgment (Jan 2025)
The CFTC obtained a judgment against Mosaic Exchange on January 13, 2025, according to the agency’s own announcement.
- Date
- Agency
- CFTC
- Action
- Judgment
- Amounts (as stated)
- approximately $468,600 restitution, $60,980 disgorgement and $660,000 civil monetary penalty (joint and several)
A federal court entered default judgments finding Mosaic and its CEO fraudulently solicited customers to trade bitcoin and other digital assets through false claims about assets, profits and exchange partnerships, and misappropriated funds.
Money involved. Approximately $468,600 restitution, $60,980 disgorgement and $660,000 civil monetary penalty (joint and several).
Questions
What did the CFTC say Mosaic Exchange did?
A federal court entered default judgments finding Mosaic and its CEO fraudulently solicited customers to trade bitcoin and other digital assets through false claims about assets, profits and exchange partnerships, and misappropriated funds.
How much is Mosaic Exchange paying?
Approximately $468,600 restitution, $60,980 disgorgement and $660,000 civil monetary penalty (joint and several).
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- Company (as named)
- Mosaic Exchange Ltd.
- Category
- Crypto
- Civil penalty, USD
- $660,000
- Agency announcement
- cftc.gov
- Sources
Source Link CFTC announcement https://www.cftc.gov/PressRoom/PressReleases/9032-25
Source: the agency’s own press release, litigation release, order or complaint, linked on each record. Charges are allegations; a company is not liable unless a court or agency finds it so.