CFTC sues Cash FX, alleges $950M crypto-linked forex scheme

Published 26 Sep 2026, 07:11 UTC. Updated 28 Sep 2026, 09:43 UTC.

The CFTC claimed that Cash FX engaged in minimal forex trading and misappropriated most of the participant funds.

Directly affected

CRCW Crypto
Named in this report.

Indirectly affected

IBIT iShares Bitcoin Trust
This price moves with the crypto market
COIN Coinbase
The crypto exchange moves with trading volumes
MSTR Strategy
This company's value is tied to its bitcoin holdings
MARA MARA Holdings
Bitcoin miners move with the bitcoin price
RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
HOOD Robinhood
Retail trading apps move with crypto volumes
BITW BITWISE 10 CRYPTO INDEX ETF SHS REPSTG UNIT BEN INT
GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
BLOX NICHOLAS CRYPTO INCOME ETF
GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
CAFG PACER US SMALL CAP CASH COWS GROWTH LEADERS ETF
GA selected CAFG as a RELATED security because its canonical security name directly matches this event's themes: cash. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
COWG Pacer Large Cap Cash Cows Growth - ETF
GA selected COWG as a RELATED security because its canonical security name directly matches this event's themes: cash. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

Ticker	T-5	T-3	T-1	T0	T+1	T+2	T+3
CRCW	—	—	—	—	—	—	—
IBIT	—	—	—	—	—	—	—
COIN	—	—	—	—	—	—	—
MSTR	—	—	—	—	—	—	—
MARA	—	—	—	—	—	—	—
RIOT	—	—	—	—	—	—	—
HOOD	—	—	—	—	—	—	—
BITW	—	—	—	—	—	—	—
BLOX	—	—	—	—	—	—	—
CAFG	—	—	—	—	—	—	—
COWG	—	—	—	—	—	—	—

The CFTC claimed that Cash FX engaged in minimal forex trading and misappropriated most of the participant funds.

Source: Cointelegraph

Price since this story was published: Bitwise 10 Crypto Index ETF (BITW)

Since the first closing price after “CFTC sues Cash FX, alleges $950M crypto-linked forex scheme,” Bitwise 10 Crypto Index ETF (BITW) is -4.39%. The S&P 500 fund (SPY) is +0.15% over the same days, a -4.54% difference versus the market.

BITW

SPY

Who is named in “CFTC sues Cash FX, alleges $950M crypto-linked forex scheme”

Companies carried with this story

BITW Bitwise 10 Crypto Index ETF
In “CFTC sues Cash FX, alleges $950M crypto-linked forex scheme,” Bitwise 10 Crypto Index ETF (BITW) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
BLOX Nicholas Crypto Income Etf
Nicholas Crypto Income Etf (BLOX) is linked, with no stored direction, medium confidence in the 26 Sep 2026 story “CFTC sues Cash FX, alleges $950M crypto-linked forex scheme.” Reason on file: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
CAFG Pacer Us Small Cap Cash Cows Growth Leaders Etf
In “CFTC sues Cash FX, alleges $950M crypto-linked forex scheme,” Pacer Us Small Cap Cash Cows Growth Leaders Etf (CAFG) is linked, with no stored direction, medium confidence. Reason on file: GA selected CAFG as a RELATED security because its canonical security name directly matches this event's themes: cash. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
COWG Pacer Large Cap Cash Cows Growth - ETF
Pacer Large Cap Cash Cows Growth - ETF (COWG) is linked, with no stored direction, medium confidence in the 26 Sep 2026 story “CFTC sues Cash FX, alleges $950M crypto-linked forex scheme.” Reason on file: GA selected COWG as a RELATED security because its canonical security name directly matches this event's themes: cash. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
DSMC Distillate Small/Mid Cash Flow Etf
Distillate Small/Mid Cash Flow Etf (DSMC) is linked, with no stored direction, medium confidence in the 26 Sep 2026 story “CFTC sues Cash FX, alleges $950M crypto-linked forex scheme.” Reason on file: GA selected DSMC as a RELATED security because its canonical security name directly matches this event's themes: cash. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
ECOW Pacer Emerging Markets Cash Cows 100 Etf
Pacer Emerging Markets Cash Cows 100 Etf (ECOW) is linked, with no stored direction, medium confidence in the 26 Sep 2026 story “CFTC sues Cash FX, alleges $950M crypto-linked forex scheme.” Reason on file: GA selected ECOW as a RELATED security because its canonical security name directly matches this event's themes: cash. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

How “CFTC sues Cash FX, alleges $950M crypto-linked forex scheme” reaches Bitwise 10 Crypto Index ETF (BITW)

Bitwise 10 Crypto Index ETF (BITW) is the company in “CFTC sues Cash FX, alleges $950M crypto-linked forex scheme,” the 26 Sep 2026 this story story.

Bitwise 10 Crypto Index ETF (BITW) is on the page because GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Nicholas Crypto Income Etf (BLOX) is here too. Its reason reads: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Price levels for Bitwise 10 Crypto Index ETF (BITW)

BITW traded between 51.43 and 56.92 across 20 sessions. The latest close on file is 52.47. BLOX traded between 11.35 and 15.12 across 20 sessions. The latest close on file is 11.52. CAFG traded between 31.70 and 33.10 across 20 sessions. The latest close on file is 32.61.

A simple score for Bitwise 10 Crypto Index ETF (BITW)

46 out of 100

“CFTC sues Cash FX, alleges $950M crypto-linked forex scheme” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.