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CFTC case against Digitex futures exchange and CEO results in $16M court order

A United States federal court has ordered Digitex CEO Adam Todd to pay roughly $16 million in disgorgement and penalties related to a Commodity Futures Trading Commission (CFTC) case.In a June 12 announcement, the CFTC said a judge in the U.S. District Court for the Southern District of Florida issued

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Digitex Founder Ordered to Pay $16M to Resolve U.S. CFTC Action, Banned From Trading

“This order resolves yet another action against an individual and digital asset exchange illegally offering futures contracts to U.S. customers,” said Ian McGinley, the CFTC’s enforcement director, in a statement. He noted the court also found that Todd had “attempted to manipulate Digitex’s native utility token, DGTX, by allegedly ‘pumping’

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CFTC takes legal action against Digitex futures exchange and CEO

The United States Commodity Futures Trading Commission, or CFTC, filed a complaint against Digitex LLC and its founder and CEO Adam Todd for failing to register the cryptocurrency futures exchange and manipulating the price of its DGTX token.According to a Sept. 30 court filing in the Southern District of Florida,

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CFTC Charges Digitex Founder Adam Todd With Multiple Violations of Commodity Exchange Act

According to a complaint filed in the Southern District of Florida on Friday, Todd is accused of using various corporate entities – including Digitex LLC, Digitex Limited, Digitex Software Limited and Blockster Holdings Limited Corporation – to run an illegal crypto derivatives trading platform. Original Source

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