The Commodity Futures Contracts Commission (CFTC) in the US has fined bZeroX LLC and its founders $250,000.
According to the statement made by the CFTC, bZeroX, know your customer (KYC) did not meet the standards.
bZeroX and the platform’s founders, Tom Bean and Kyle Kistner, told customers that they did not have the necessary infrastructure. leveraged and margin trading offered the opportunity.
In addition to bZeroX, the Commodity Futures Contracts Commission also gave up on the platform’s successor, the Ooki DAO. According to the CFTC’s claims, bZeroX handed over the management of the bZx protocol to bZx DAO2 and its name was changed to Ooki DAO over time.
The article, Penalty of 250 Thousand Dollars from CFTC to Crypto Project bZeroX, was prepared by Selim Kuşçu and published on koinbulteni.com.