# Federal Court Permanently Bans and Imposes an over $300,000 Penalty Against Foreign Trading Platform for Offering Illegal Leveraged Transactions in Ether, Litecoin, Bitcoin and Precious Metals

> CFTC release 8408-21 · 2021-07-09 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 8408-21
- **Release date:** 2021-07-09
- **Type:** Other enforcement
- **Title:** Federal Court Permanently Bans and Imposes an over $300,000 Penalty Against Foreign Trading Platform for Offering Illegal Leveraged Transactions in Ether, Litecoin, Bitcoin and Precious Metals
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8408-21

## 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 8408-21, "Federal Court Permanently Bans and Imposes an over $300,000 Penalty Against Foreign Trading Platform for Offering Illegal Leveraged Transactions in Ether, Litecoin, Bitcoin and Precious Metals", 2021-07-09. Retrieved via AI Analytics 2026-07-20 from https://api.ai-analytics.org/cftc-action/8408-21.

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