My Big Coin: CFTC judgment (Jun 2025)
The CFTC obtained a judgment against My Big Coin on June 11, 2025, according to the agency’s own announcement.
- Date
- Agency
- CFTC
- Action
- Judgment
- Amounts (as stated)
- $19,326,324 civil monetary penalty and $6,442,108 restitution (joint and several)
A federal court entered a final default judgment finding the two Nevada companies and associates ran a scheme falsely offering the My Big Coin virtual currency, including claims it was gold-backed, obtaining over $6 million from customers.
Money involved. $19,326,324 civil monetary penalty and $6,442,108 restitution (joint and several).
Questions
What did the CFTC say My Big Coin did?
A federal court entered a final default judgment finding the two Nevada companies and associates ran a scheme falsely offering the My Big Coin virtual currency, including claims it was gold-backed, obtaining over $6 million from customers.
How much is My Big Coin paying?
$19,326,324 civil monetary penalty and $6,442,108 restitution (joint and several).
See every action in the fintech and crypto enforcement tracker.
- Company (as named)
- My Big Coin Pay, Inc. and My Big Coin, Inc.
- Category
- Crypto
- Civil penalty, USD
- $19,326,324
- Agency announcement
- cftc.gov
- Sources
Source Link CFTC announcement https://www.cftc.gov/PressRoom/PressReleases/9084-25
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.