Other
"CFTC Issues Orders Against Operators of Three DeFi Protocols for Offering Illegal Digital Asset Derivatives Trading"
Primary Source ↗Incident Details
The CFTC has announced charges and settlements against defi projects Opyn, ZeroEx, and Deidex for various commodities law violations. The projects will pay $250,000, $200,000, and $100,000, respectively, to settle the charges. They have also agreed to cease and desist the activities.The CTFC stated: “Somewhere along the way, DeFi operators got the idea that unlawful transactions become lawful when facilitated by smart contracts. They do not.”
Technical Details
- Initial Attack Vector
- Regulatory / legal action
- Vendor / Product
- CFTC goes after three defi projects
Timeline
- 2023-09-07 Breach occurred
- 2023-09-07 Publicly disclosed