CFTC Imposes $250,000 Penalty Against bZeroX, LLC and Its Founders and Charges Successor Ooki DAO for Offering Illegal, Off-Exchange Digital-Asset Trading, Registration Violations, and Failing to Comply with Bank Secrecy Act Registration / supervisory violation

CFTC release 8590-22 · 2022-09-22 · view on cftc.gov ↗

Key facts

Release number: 8590-22
Release date: 2022-09-22
Type: Registration / supervisory violation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8590-22

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.