mosaic

ChainCatcher news, according to Crowdfund Insider, the U.S. Commodity Futures Trading Commission (CFTC) announced a default judgment against Mosaic Exchange Ltd. and its owner and CEO Sean Michael. The CFTC initiated enforcement action, alleging a fraudulent digital asset commodity scheme.The order is based on a lawsuit filed by the CFTC on September 26, 2023, and the default judgment holds Mosaic and Michael responsible for all violations of CFTC regulations alleged in the lawsuit, including fraudulently soliciting 18 individuals in the U.S. and other countries, claiming to provide Bitcoin and other digital asset trading services while misappropriating customer funds.The default judgment requires them to pay approximately $468,600 in restitution, $60,980 in illicit gains, and $660,000 in civil penalties.

ChainCatcher News, the U.S. Commodity Futures Trading Commission (CFTC) has filed fraud charges against the cryptocurrency trading platform Mosaic Exchange Limited and its owner. The CFTC claims that Mosaic and its founder Sean Michael represented Mosaic as a cryptocurrency trading platform managing tens of millions of dollars in assets and having "partnerships" with BitMEX and Binance, which is not true.The CFTC stated that the platform defrauded at least 17 investors in the U.S. and other countries out of hundreds of thousands of dollars in Bitcoin or other funds, which Sean Michael then misappropriated.

Chain Catcher News, the blockchain game project MosaicFantasy has announced the completion of its game demo packaging. NFT holders can enjoy a whitelist for the closed beta test, and early participants in the closed beta will receive additional airdrop rewards. The product will launch the NFT secondary market simultaneously when the official character NFTs are released, allowing past blind boxes to be freely traded on the secondary market.At the same time, MosaicFantasy will soon launch the first phase of the NFT blind box preheating event, with the blind boxes containing 6-star character cards that can participate in the game and offer random LKK token rewards, with an initial release of 2000 blind boxes. Additionally, the project has announced that the LKK token will be listed on the IDO platform in mid-October.