CFTC obtains entry of default against binary options and crypto scammer Blake Kantor

Maria Nikolova

The defaults of defendants Blue Bit Analytics, Ltd., Blue Bit Banc, Blue Wolf Sales Consultants, G. Thomas Client Services, Blake Harrison Kantor, Mercury Cove, Inc., and Nathan Mullins have been noted.

The United States Commodity Futures Trading Commission (CFTC) has managed to secure a clerk’s entry of default against a number of entities targeted in a binary options and cryptocurrency fraud case. This happens about two weeks after the US regulator filed its request for a certificate of default against Blue Bit Analytics, Ltd., Blue Bit Banc, Blue Wolf Sales Consultants, G. Thomas Client Services, Blake Harrison Kantor, Mercury Cove, Inc., and Nathan Mullins.

Earlier today, a clerk of the New York Eastern District Court said that, appearing from the docket maintained in this action that the defendants have failed to appear or otherwise defend this action, the defaults of defendants Blue Bit Analytics, Ltd., Blue Bit Banc, Blue Wolf Sales Consultants, G. Thomas Client Services, Blake Harrison Kantor, Mercury Cove, Inc., and Nathan Mullins are hereby noted pursuant to Rule 55a of the Federal Rules of Civil Procedure.

On April 16, 2018, the CFTC filed its Complaint against individual defendants Kantor and Mullins and corporate defendants Blue Bit, Analytics, G. Thomas and Mercury Cove, as well as relief defendant Blue Wolf seeking injunctive and other equitable relief for violations of certain provisions of the Commodity Exchange Act and Commission Regulations.

The CFTC Complaint alleges that since at least April 2014 and continuing to the present, the defendants have solicited potential customers through emails, phone calls, and a website to purchase illegal off-exchange binary options via companies such as Blue Bit Banc. The defendants sought to cover up their misappropriation by inviting customers to transfer their binary options account balances into a virtual currency known as ATM Coin.

In a related action, the United States Government is seeking a heavy prison sentence for Blake Kantor, who has pleaded guilty to criminal charges of wire fraud based upon his fraudulent binary options and cryptocurrency scheme.

Read this next

blockdag

BlockDAG Dominates with New Dashboard Features and Enhanced Roadmap, Eclipsing Solana and Polygon Developments

Discover how BlockDAG’s cutting-edge dashboard and promising 30,000x ROI outshine developments in Solana and Polygon, positioning it as a leading investment.

blockdag

BlockDAG Dashboard Update, A Step Towards Transparency Fuels FOMO in Crypto Whales, Presale Garners $32.8M Amid Retik Finance Listing

Discover why investors are choosing BlockDAG after its dashboard update and $32.8M presale, surpassing Retik Finance listing on Bitrue.

blockdag

Discover 5 Altcoins to Skyrocket Your Wealth This Cycle 🚀

The bull run of 2024 ignites fresh excitement for anyone looking to increase their wealth.

blockdag

BlastUP Presale Hits $7M; Final Days to Buy $BLP

BlastUP, the premier launchpad on Blast, has confirmed its robust utility by successfully launching its first IDOs. As its presale nears completion, it continues to garner significant attention from crypto enthusiasts. The amount of funds raised so far is approaching 7 million, and BlastUP already boasts a large and passionate community of supporters.

blockdag

BlockDAG Network: The Mobile Mining Revolutionizing Crypto Mining

A Simple Guide on How to Mine BDAG and its Benefits.

blockdag

BlockDAG’s $600M Masterplan Shocks the World: Outperforms Retik Finance After Jaw-Dropping Piccadilly Circus Spectacle

Discover how BDAG dominates the global market as Retik Finance struggles at launch, showcasing a robust $600M growth plan and securing strong investor confidence.

Education

Top Business Ide­as for Success in 2024

Looking for the best busine­ss ideas to start in 2024? Our guide will help you find promising options. We­ cover sectors like digital, we­llness, and green innovations se­t for growth next year. 

Digital Assets

Coinbase seeks to dismiss SEC lawsuit citing new crypto laws

Crypto exchange Coinbase has renewed its efforts to appeal a judge’s ruling in its ongoing case with the U.S. Securities and Exchange Commission (SEC), citing recent legislative developments in Congress.

Digital Assets

Elon Musk mourns Kabosu, Dogecoin responds with price jump

Dogecoin (DOGE) price climbed on Friday after the passing of Kabosu, the Shiba Inu who inspired the meme cryptocurrency.

<