The U.S. Commodity Futures Trading Commission (CFTC) accused California-based Vista Network Technologies and its CEO Armen Temurian of fraudulently soliciting more than $7 million in Bitcoin and Ethereum from customers, and also claimed that Vista and Temurian were operating in a Ponzi-like manner. Some of these assets were misappropriated in the scheme of the scam. In its ongoing proceedings against the defendants, the CFTC is seeking damages, forfeiture, civil monetary penalties, permanent trading and registration injunctions, and permanent injunctions for further violations.