The Commodity Futures Trading Commission (CFTC) filed a total of 82 enforcement actions, of which 18 were related to crypto assets during the last fiscal. It obtained over $2.5 billion in restitution through disgorgement and civil monetary penalties in the fiscal year 2022, it said in its annual enforcement report, released last week.
“Through those actions, the Commission charged manipulation of the Digitex Futures native token; charged a decentralized autonomous organization (DAO); addressed failures to register or seek designation as a designated contract market (DCM), swap execution facility (SEF) or futures commission merchant (FCM); and took on fraud, including a $1.7 billion fraudulent scheme, it said in a PR.
Among the high points for the Commission were filing of charges against Tether and Bitfinex that led to a settlement of $42.5 million in October last year. Other noteworthy cases included charges against Defi platform Digitex which allegedly was operating an illegal futures market and Ooki DAO, which offered tokenized margin trading and lending services in off-exchange mode.
“In the face of unprecedented financial market conditions directly impacting American consumers, emerging technological disruption, and growing retail investor participation, the CFTC continues its unwavering commitment to a robust enforcement program ensuring the markets we oversee are open, transparent, fair, and competitive,” CFTC Chairman Rostin Behnam said in the PR.
