New York investment firm Gelfman Blueprint, Inc. (GBI) will see over $2.5 million in fines for fraudulent practices, as filed by the Commodity Futures Trading Commission (CFTC). According to the agency, this marks the first time that CFTC has made an anti-fraud enforcement action involving bitcoin.
If you’re ever so unfortunate as to become the victim of a bitcoin theft, there’s very little chance that you will ever see your cryptocurrency assets again.
Even though blockchain technology has all sorts of security applications, one thing is for sure: cryptocurrency exchanges are vulnerable to cybersecurity attacks, and hackers have exploited these flaws for massive gains.
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