According to PANews, the U.S. Commodity Futures Trading Commission (CFTC) is investigating potential cryptocurrency fraud involving 15 different tokens, including the memecoin BEN. The investigation targets unknown individuals who may be involved in fraudulent activities. On July 16, the CFTC issued a subpoena to Hit Network, a media company focused on cryptocurrency, which had previously hired Ben 'BitBoy' Armstrong as a spokesperson. The subpoena requests information on the trading activities and digital wallets related to these 15 tokens, including BEN, which is associated with Armstrong.Armstrong, known for his YouTube channel, has recommended 14 other tokens in his videos, primarily before Hit Network was established. These tokens were suggested as potential investment opportunities. The CFTC's investigation aims to uncover any fraudulent activities linked to these recommendations and the associated digital wallets.
