# CFTC Settles with TeraExchange LLC for Failing to Enforce Prohibitions on Wash Trading and Prearranged Trading in Bitcoin Swap

> CFTC release 7240-15 · 2015-09-25 · **Wash trades / fictitious trading** · ENFORCEMENT

## Key facts

- **Release number:** 7240-15
- **Release date:** 2015-09-25
- **Type:** Wash trades / fictitious trading
- **Title:** CFTC Settles with TeraExchange LLC for Failing to Enforce Prohibitions on Wash Trading and Prearranged Trading in Bitcoin Swap
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7240-15

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7240-15, "CFTC Settles with TeraExchange LLC for Failing to Enforce Prohibitions on Wash Trading and Prearranged Trading in Bitcoin Swap", 2015-09-25. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/7240-15.

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