Cryptocurrency exchange Digitex and its CEO were fined close to $16 million after accusations from the U.S. Commodity Futures Trading Commission (CFTC).
After the US fined another cryptocurrency exchange, it decided to ban the exchange. by the CFTC last year. Digitex launched to the front informal service And token price manipulation The case was decided by the federal court.
federal court, regulatory agency violating registration and service rules designated cryptocurrency exchange Digitex Futures with CEO Adam Toddfined him close to $16 million. With this It was decided to ban the stock market..
The CFTC’s first step against the Digitex front came last year. Exchange’s native token DGTX The CFTC, which claims to have manipulated its price, also providing services without an official registration blamed. This lawsuit, filed by the regulatory agency, is due to illegal activity. First lawsuit filed against a cryptocurrency futures exchange was recorded as.
CFTC Warns
With a clear warning to investors on the subject, the CFTC reminds that money lost on such exchanges may not always be recovered, while keeping in mind where they invest their assets. cautious to be invited:
Such exchanges, which provide unregistered services and are involved in crimes such as token manipulation, may not be able to refund your money at the end of the job. Because they usually do not have assets to pay. The CFTC will continue to fight vigorously to ensure that customers are protected and wrongdoers are held accountable.
CFTC official Ian McGinley In his statement on the subject, he made the following statements:
This ruling resolves yet another action against a person and digital asset exchange who illegally offered futures contracts to US clients.