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"CFTC Issues Orders Against Operators of Three DeFi Protocols for Offering Illegal Digital Asset Derivatives Trading"

2023-09-07 [vendor] CFTC goes after three defi projects
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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

  1. 2023-09-07 Breach occurred
  2. 2023-09-07 Publicly disclosed