A US federal court has levied a hefty $26 million fine against My Big Coin, a cryptocurrency company, and its executives for alleged fraudulent activities. This decision comes after the SEC’s and CFTC’s pursuit of crypto companies in the United States, which continued under prior and current administrations. 2014 to 2017 saw My Big Coin (MBC) face accusations of deceiving investors who were promised returns based on false representations about their operations. The court’s findings hold executives Mark Gillespie and John Roche accountable for a significant portion of the fine, with each facing $19.32 million in penalties and another $6.44 million to be repaid to defrauded investors. Notably, the court also barred Roche from further participation in any market-related activities overseen by the CFTC. The CFTC, which issued a warning against potential investor losses due to unfulfilled financial obligations, has cited cases of embezzlement and misappropriation where funds were not recovered, despite attempts at repayment.