The Commodity Futures Trading Commission (CFTC) has <a href="https://www.cftc.gov/PressRoom/SpeechesTestimony/statementjohnson110422" target="_blank" rel="nofollow noopener">ordered</a> the CEO of  Arbitrage Company, an illegal cryptocurrency trading company, to stop acting in specific ways.

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<h2>CFTC Accused Arbitrage Company CEO</h2>
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 integrity supervision.
<h2>Trading Technologies in Digital Asset Ecosystem</h2>
According to CFTC Commissioner Kristin Johnson, Rounsville merely constructed fabrications to collect cash, however, investors may honestly and progressively be drawn into such scams because the technology supporting complicated trading methods is now widely available.

She further stated that, in reality, the applications of very advanced trading technologies in the <a href="https://www.cryptoknowmics.com/news/bny-mellon-launches-new-digital-asset-custody-platform">digital asset</a> environment are highly competitive, particularly those tactics centered on reaping arbitrage advantages or rents that may be transient and elusive.

CFTC Strikes Order Against Fraudulent Cryptocurrency Arbitrage Company

The CEO of  Arbitrage Company, an illegal cryptocurrency trading company, has been ordered to stop acting in specific ways by the CFTC.

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CFTC Strikes Order Against Fraudulent Cryptocurrency Arbitrage Company

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