The U.S. Commodity Futures Trading Commission charges exchange Mosaic with operating a fraudulent digital asset commodities scheme.

Odaily News The U.S. Commodity Futures Trading Commission (CFTC) accused exchange Mosaic Exchange of implementing a fraudulent digital asset commodity scheme, including falsely reporting the number of assets it owned and its profit record. The CFTC said Mosaic founder Sean Michael falsely represented Mosaic as a crypto trading platform that managed tens of millions of dollars in assets while also offering an algorithm with profit margins of up to 60% per month. The platform and Michael also stated that they have partnerships with BitMEX and Binance, which are false statements. (The Block)