Forex news and analysis tagged “CFTC” on BestForex.io.
The CFTC and DOJ have charged Celsius Network and its founder Alex Mashinsky with fraud. At its peak, the platform held $20 billion of customer assets — almost none of which was managed as promised.
The CFTC and Canadian regulators moved simultaneously against My Forex Funds, freezing $310 million in assets and alleging the entire prop trading model was a fraud designed to extract fees from traders who could never actually win.
FalconX settled CFTC charges for $1.8 million after operating as an unregistered futures commission merchant. The verdict on crypto intermediaries claiming to be mere "technology providers" is now unambiguous.