Hack history / 2017 / Fraud
Control-Finance
Fraud on Sep 10, 2017 · Scam
ONE SOURCE · 1 SOURCE
Lost
$94.4M
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked
What happened
On June 18,2019, the US Commodity Futures Trading Commission (CFTC) announced it had initiated a civil enforcement action against a now-defunct cryptocurrency trading and investment company for misappropriating $147 million worth of Bitcoin. The Complaint charges the defendants—Control-Finance Limited and its principal, Benjamin Reynolds—with exploiting public enthusiasm for crypto assets by fraudulently obtaining and misappropriating at least 22,858.822 Bitcoin from more than 1,000 customers through a classic (HYIP) Ponzi scheme called the Control-Finance Affiliate Program.
Details
- Date
- Sep 10, 2017
- Kind
- Fraud
- Method
- Scam
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- not stated
- Chains
- not stated
Reported by
Cite this page
SwanBluechip, "Control-Finance fraud, Sep 10, 2017: $94.4M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htd6f7bfa0af/ (data as of 2026-10-31).