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 <p class="is-style-lead">The United States Commodity Futures Trading Commission (CFTC) has issued orders against three defi <a rel="noopener noreferrer nofollow" title="protocols" href="https://thebittimes.com/tag/protocols.html">protocols</a> for failing to register derivative trading offerings.</p> 
 <p>The regulatory body has acted against the three decentralized finance (defi) <a rel="noopener noreferrer nofollow" title="protocols" href="https://thebittimes.com/tag/protocols.html">protocols</a>: Opyn, ZeroEx, and Deridex. The regulator claims they failed to register derivatives trading offerings.</p> 
 <p>The CTFC ordered that the companies pay fines of $250,000, $200,000, and $100,000, respectively.</p> 
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    <p lang="en" dir="ltr">Today @CFTC issued orders against operators of three DeFi <a rel="noopener noreferrer nofollow" title="protocols" href="https://thebittimes.com/tag/protocols.html">protocols</a> for offering illegal digital asset derivatives trading. Learn more: https://t.co/7YDbgC1Xl2</p>— CFTC (@CFTC) September 7, 2023 
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 <p>The entities reportedly failed to comply with the customer’s regulations and provisions established in the Bank Secrecy Act. The defi <a rel="noopener noreferrer nofollow" title="protocols" href="https://thebittimes.com/tag/protocols.html">protocols</a> were also charged with illegally offering leveraged and margined retail commodity transactions in digital assets.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Former CTFC Chairman Says Ripple and Ethereum Might Get Classified as Securities 
 </div> 
 <h2 class="wp-block-heading" id="cftc-s-recent-crypto-cases">CFTC’s recent crypto cases</h2> 
 <p>The Commodity Futures Trading Commission is a US government agency; it was created in 1974. Its primary purpose is to regulate the US derivative markets, including different assets like futures, swaps, and cryptocurrency.</p> 
 <p>In recent months, the regulator has taken action against different crypto scammers that conducted crypto frauds, such as Michael and Amanda Griffis, who worked a crypto scheme related to their real estate business, Cornelius Johannes Steynberg of Stellenbosch from South Africa who organized a crypto fraud, and also Levine and Reichenthal who engaged into a digital asset fraud, among others.</p> 
 <p>The main aim of the CTFC is to protect consumers from potential scammers and crypto fraudsters. The regulator has jurisdiction over conducting investigations and filing <a rel="noopener noreferrer nofollow" title="complaints" href="https://thebittimes.com/tag/complaints.html">complaints</a> against potential criminals.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> CFTC issues warning on ‘self-certifying’ crypto products 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cftc-filed-complaints-against-three-defi-protocols-tbt62026.html">https://thebittimes.com/cftc-filed-complaints-against-three-defi-protocols-tbt62026.html</a></p>

CFTC filed complaints against three defi protocols

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