Skip to Primary Navigation

Skip to main content

CFTC brings charges in ‘pig butchering’ case involving digital asset commodities

Entrance of the U.S. Commodity Futures Trading Commission (CFTC).
Photo: JHVEPhoto/Getty Images

Julie DiMauro

3 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

CFTC brings enforcement action for misappropriation of over $1.3m in customer funds intended for digital asset commodity and forex trading.

Last week, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the US District Court for the Central District of California against California resident Cunwen Zhu and his California-based company Justby International Auctions. 

The complaint alleges that Zhu and Justby fraudulently misappropriated over $1.3m in customer funds

, , , , , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience