TechFlow reported, according to an official press release, the U.S. Commodity Futures Trading Commission (CFTC) has charged the operators of ZeroEx, Opyn, and Deridex protocols with offering illegal digital asset derivatives trading. Deridex and Opyn are accused of failing to register as a Swap Execution Facility (SEF) or Designated Contract Market (DCM), failing to register as a Futures Commission Merchant (FCM), and failing to implement a customer identification program as part of a Bank Secrecy Act compliance program as required for FCMs. ZeroEx, Opyn, and Deridex are also charged with illegally offering leveraged and margined retail commodity transactions in digital assets.
The CFTC is requiring Opyn, ZeroEx, and Deridex to pay civil penalties of $250,000, $200,000, and $100,000 respectively, and to cease their activities that violate the Commodity Exchange Act and CFTC regulations.
