Digital asset derivative platform and residents of Florida sentenced to $ 15 million from the Federal Supreme Court for violations of the Commodity Exchange Act.

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Das Bundesgericht hat Digital Asset Derivatives Platform und einen Einwohner Floridas dazu verurteilt, mehr als 15 Millionen US-Dollar zu zahlen. Der Grund dafür sind mehrfache Verstöße gegen das Commodity Exchange Act. Die Entscheidung wurde am 12. Juli 2023 von der Commodity Futures Trading Commission (CFTC) bekannt gegeben. Laut den Informationen hat ein gewisser Todd angeblich den Preis von DGTX manipuliert. Er soll einen computergestützten Bot verwendet haben, um den Preis des Tokens auf Drittbörsen im Jahr 2020 in die Höhe zu treiben. Der Zweck dieser Manipulation war es, mehr DGTX-Token zu kaufen als zu verkaufen. Im September 2022 hat die …
The Federal Supreme Court sentenced Digital Asset Derivative Platform and a resident of Florida to pay more than $ 15 million. The reason for this is multiple violations of the Commodity Exchange Act. The decision was announced on July 12, 2023 by the Commodity Futures Trading Commission (CFTC). According to the information, a certain Todd allegedly manipulated the DGTX price. It is said to have used a computer -aided bot to raise the price of the token on third stockings in 2020. The purpose of this manipulation was to buy more DGTX tokens than for sale. In September 2022 ... (Symbolbild/KNAT)

The Federal Supreme Court sentenced Digital Asset Derivative Platform and a resident of Florida to pay more than $ 15 million. The reason for this is multiple violations of the Commodity Exchange Act. The decision was announced on July 12, 2023 by the Commodity Futures Trading Commission (CFTC).

According to the information, a certain Todd supposedly manipulated the DGTX price. It is said to have used a computer -aided bot to raise the price of the token on third stockings in 2020. The purpose of this manipulation was to buy more DGTX tokens than for sale. In September 2022, the CFTC charges against Todd and Digitex.

However, it is unclear whether the payment of $ 16 million or additional fines will lead to a repayment to Digitex users. This means that digital asset derivative platform may not be able to reimburse the funds to the users.

The CFTC is currently together with the Securities and Exchange Commission (SEC) in several civil lawsuits against crypto companies and their managers. The complaints revolve around the non -compliance with regulatory guidelines. Examples of such cases are the allegations against the Krypto exchange Binance and the civil lawsuits against the former FTX CEO Sam Bankman-Fried.

It remains to be seen how these complaints and the ongoing investigations by the CFTC and SEC will influence the cryptocurrency environment and compliance with regulatory requirements.

source:
-CFTC (@cftc)-Twitter account of the Commodity Futures Trading Commission (July 12, 2023)

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