CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown

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CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown

The U.S. Commodity Futures Trading Commission has announced that it’s going after three more decentralized finance protocols, Opyn, ZeroEx, and Deridex, for allegedly offering illegal derivatives trading.

In addition, the CFTC is issuing cease-and-desist orders to all three of these companies while imposing monetary penalties.

Opyn faces a maximum fine of $250,000, ZEROEx $200,000 , and DERIDEx $100,000.

Despite the large fines, all three companies have agreed to settle with theCFTC.

The CFTC questions whether there actually were any instances of money misappropriation or victimization, but regardless, they agree to pay reduced penalties as part of the settlement.

#shorts #techshorts #technews #tech #technology #CFTC #ZeroEx #Deridex

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