CEO condemned: Missing registration and price manipulation lead to high punishments

Von Krypto News Österreich

Das US-Bezirksgericht für den südlichen Bezirk von Florida hat ein Versäumnisurteil gegen Adam Todd, den CEO von Digitex LLC, sowie gegen mehrere Unternehmen wie Digitex Limited, Digitex Software Limited und Blockster Holdings Limited Corporation erlassen. Die Entscheidung wurde aufgrund ihrer fehlenden Registrierung bei der CFTC (Commodity Futures Trading Commission) und ihrer Beteiligung an der Manipulation des Preises des DGTX-Tokens gefällt. Im Rahmen des Gerichtsbeschlusses wurde den Angeklagten untersagt, auf von der CFTC regulierten Märkten zu handeln. Zusätzlich müssen sie eine Abschöpfung in Höhe von 3.912.220 US-Dollar zahlen. Des Weiteren wurde eine zivilrechtliche Geldstrafe von 11.736.660 US-Dollar verhängt. Die CFTC hat …
The US district court for the southern district of Florida issued a default judgment against Adam Todd, the CEO of Digitex LLC, as well as several companies such as Digitex Limited, Digitex Software Limited and Blockster Holdings Limited Corporation. The decision was made due to its lack of registration at the CFTC (Commodity Futures Trading Commission) and its participation in manipulating the price of the DGTX token. As part of the court decision, the accused was prohibited from acting on markets regulated by the CFTC. In addition, you have to pay a skimming of $ 3,912,220. Furthermore, a civil law fine of $ 11,736,660 was imposed. The CFTC has ... (Symbolbild/KNAT)

The US district court for the southern district of Florida issued a default judgment against Adam Todd, the CEO of Digitex LLC, as well as against several companies such as Digitex Limited, Digitex Software Limited and Blockster Holdings Limited Corporation. The decision was made due to its lack of registration at the CFTC (Commodity Futures Trading Commission) and its participation in manipulating the price of the DGTX token.

As part of the court decision, the accused was prohibited from acting on markets regulated by the CFTC. In addition, you have to pay a skimming of $ 3,912,220. Furthermore, a civil law finance of $ 11,736,660 was imposed.

The CFTC has emphasized that it is committed to ensuring legitimate registration and combating goods manipulations in the intergovernmental trade. The indictment, which was submitted by the CFTC in September 2022, states that Adam Todd allegedly used a computer-aided bot to artificially raise the price of the DGTX token. This was achieved by buying more tokens than was sold to third exchanges.

The CFTC and the US stock exchange supervisory authority Securities and Exchange Commission are currently involved in several civil lawsuits against cryptocurrency companies and their managers. These lawsuits were submitted for non -compliance with regulatory guidelines.

The decision of the US district court in Florida illustrates the consequences for companies and managers who violate registration regulations and manipulate the market price of cryptocurrencies. The CFTC is still committed to protecting the integrity and legality of the cryptocurrency market to protect investors and ensure fair trade conditions.