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  • Writer's pictureMichael Paulyn

In The News: The United States CTFC Officially Charges Digitex Crypto Exchange

The United States Commodity Futures Trading Commission (CTFC) recently announced that they had charged Digitex and its founders and CEO Adam Todd with several violations against the Commodity Exchange Act (CEA).

The CTFC is accusing Todd of using a variety of corporate subsidiaries such as Digitex LLC, Digitex Ltd., Digitex Software Ltd., and Blockster Holdings Ltd. Corp., all of which were for the sole purpose of operating an illegal crypto derivative trading platform.

The CTFC stated that "unless restrained and enjoined by this Court, Defendants are likely to continue to engage in the acts and practices alleged in this complaint and similar acts and practices." The CTFC is working hard to seek full restitution for the defrauded victims and several other penalties and fines against the company and its executives.

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