CFTC sues crypto exchange Digitex and its CEO
According to the regulator, the exchange artificially inflated the price of DGTX to increase its capitalization
02.10.2022 - 06:30
307
1 min
0
What’s new? The US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against crypto futures exchange Digitex and its CEO Adam Todd. According to Cointelegraph, the regulator accuses the platform of lacking a license to trade, as well as manipulating the price of the native token DGTX. According to the CFTC, the exchange artificially inflated the price of its asset in order to increase its capitalization.
More details about the case. The regulator also accused Digitex of violating KYC (know your customer) rules. Back in 2020, Adam Todd said that he would remove all identification procedures from the platform to protect the personal data of his customers.
In its lawsuit, the CTFC has asked the court for a complete ban on the exchange and its CEO to conduct transactions with digital assets that are considered commodities or securities within the regulator’s purview. In addition, the CTFC is going to impose penalties on Digitex and order the platform to reimburse money to the affected parties.
For now, Digitex’s website and marketplace are offline.
On August 4, the CFTC issued an order revoking the license and subsequently shutting down Predictlt, a political prediction betting platform. It must cease operations in the United States by February 15, 2023.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 990
BTC
+1.75%
-
Ethereum
$3 315.25
ETH
-0.53%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.48
XRP
+32.85%
-
Dogecoin
$0.40386
DOGE
+5.29%
-
Cardano
$0.968965
ADA
+23.17%
-
Bitcoin Cash
$487.98
BCH
+1.3%
-
Polkadot
$6.32
DOT
+8.99%
-
Stellar XLM
$0.302914
XLM
+26.5%
-
Litecoin
$90.2
LTC
+2.07%