No products in the cart.
- Latest
- Trending
ADVERTISEMENT
According to court documents filed with a U.S. court, the Commodity Futures Trading Commission (CFTC) has indicted Adam Todd, the founder of crypto derivatives platform Digitex.
Futures market regulators are suing Todd for operating an unregistered derivatives exchange in violation of the Commodity Exchange Act (CEA), the filing shows.
According to a CFTC complaint filed in the Southern District of Florida, Todd is accused of illegally building and operating the Digitex crypto derivatives trading platform. Defendants allegedly used multiple entities to publish their services, including Digitex LLC, Digitex Software Ltd., Digitex Ltd., and Blockster Holdings Ltd. Corp.
The CFTC seeks fines, disgrace, and bans against Todd and Digitex.
The lawsuit against Digitex is the latest CFTC complaint against a cryptocurrency entity or individual as regulators increasingly focus on industry-wide violations.
The agency last week fined The founders of bZeroX Tom Bean and Kyle Kistner have allegedly violated the Commodity Exchange Act in offering leveraged and margin products to retailers. I was.
