Digitex Founder Ordered to Pay $16M to Resolve U.S. CFTC Action, Banned From Trading

“This order resolves yet one more motion towards a person and digital asset change illegally providing futures contracts to U.S. clients,” stated Ian McGinley, the CFTC’s enforcement director, in a press release. He famous the courtroom additionally discovered that Todd had “tried to govern Digitex’s native utility token, DGTX, by allegedly ‘pumping’ the token’s worth by way of the usage of a computerized bot.”