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CFTC Moves against 3 DeFi Platforms, Slaps Heavy Penalties
The Commodity Futures Trading Commission (CFTC) has taken enforcement action against three decentralized finance (DeFi) protocols, Opyn, ZeroEx, and Deridex, by filing and settling charges. California-based Opyn and ZeroEx were fined $250,000 and $200,000, respectively, whereas North Carolina-based Deridex has been slapped with a civil monetary penalty of $100,000. All three companies also face cease and desist orders for violating the Commodity Exchange Act (CEA) and CFTC regulations. CFTC Fine...
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Posted: Sep 8 2023, 05:13
Author Name: financemagnates
Views: 112527