A federal court ordered digital asset exchange Digitex Futures and its founder and CEO Adam Todd to pay more than $15 million after a U.S. regulator said they violated its rules on manipulation and registration.
, after finding it attempted to manipulate the price of its native“This order resolves yet another action against an individual and digital asset exchange illegally offering futures contracts to U.S. customers,” Division of Enforcement Director Ian McGinley said in a statement on Wednesday.
A judge in the U.S. District Court for the Southern District of Florida also ordered a ban on Todd and his companies — Digitex LLC, Digitex Limited, Digitex Software Limited and Blockster Holdings Limited Corporation.“The CFTC cautions that orders requiring payment of funds to victims may not result in the recovery of any money lost because wrongdoers may not have sufficient funds or assets," it said.
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