The Commodity Futures Trading Commission (CFTC) has ordered the CEO of Arbitrage Company, an illegal cryptocurrency trading company, to stop acting in specific ways. CFTC Accused Arbitrage Company CEO According to a CFTC release, Jeremy Rounsville deceived investors by asserting to have created a “very sophisticated arbitrage bot” that could provide automatic arbitrage trading. However, the allegations were false. The CFTC said that the “aBOT,” a bot used by arbitraging.co, never carried out transactions on behalf of investors. According to the US derivatives markets authority, Rounsville’s troubling misstatements highlight the value of thorough regulation, including outstanding user safeguards and market The post CFTC Strikes Order Against Fraudulent Cryptocurrency Arbitrage Company appeared first on Cryptoknowmics-Crypto News and Media Platform.
