# CFTC Imposes A $1.25 Million Penalty against Kraken for Offering Illegal Off-Exchange Digital Asset Trading and Failing to Register as Required

> CFTC release 8433-21 · 2021-09-28 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 8433-21
- **Release date:** 2021-09-28
- **Type:** Other enforcement
- **Title:** CFTC Imposes A $1.25 Million Penalty against Kraken for Offering Illegal Off-Exchange Digital Asset Trading and Failing to Register as Required
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8433-21

## 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 8433-21, "CFTC Imposes A $1.25 Million Penalty against Kraken for Offering Illegal Off-Exchange Digital Asset Trading and Failing to Register as Required", 2021-09-28. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/cftc-action/8433-21.

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