After finding that the South African businessman Cornelius Johannes Steynberg had run Mirror Trading International as a multi-level marketing scheme, in which he accepted 29,421 Bitcoin from at least 23,000 Americans, the CFTC has imposed a record fine. Those 29,421 BTC were priced at $1.7 billion in March 2021 — around the end of Steynberg’s multi-year scam. Today they’re priced at around $863 million, but unfortunately for Steynberg, the CFTC isn’t using today’s prices to calculate their penalties.Steynberg has been ordered to pay a total of $3.4 billion — $1.7 billion in restitution and another $1.7 billion penalty. Steynberg was arrested in Brazil in December 2021 on an INTERPOL arrest warrant, where he has remained since pending extradition.