New York man Eddy Alexandre sentenced to pay over $228 million in damages for cryptocurrency trading fraud. The U.S. CFTC accused him of raising $59 million from hundreds of investors through his company EminiFX, claiming it was for cryptocurrency and foreign exchange trading, but instead misappropriated the funds for personal expenses, including purchasing luxury cars like BMWs and Benzes. The court ruled that Alexandre and EminiFX must jointly pay $228,576,962, and Alexandre personally must return $15,049,500 in illegal gains. Additionally, Alexandre has pleaded guilty in a criminal case and was sentenced to 9 years in prison. (The Block)