US federal court requires ATM virtual currency scam defendant to pay $4.25 million in fine

According to The Next Web, the US federal court ordered the defendant of the ATM Coin virtual currency scam to pay a fine of $4.25 million. It is reported that defendants from Blue Bit Analytics and G. Thomas Client Services illegally collected client funds and engaged in a virtual currency scam called ATM Coin without registering with the Commodity Futures Trading Commission (CFTC).