According to CoinDesk, the US Commodity Futures Trading Commission (CFTC) stated that a federal court has ordered cryptocurrency exchange Digitex founder Adam Todd to pay nearly $16 million to resolve charges that it operated an illegal platform and attempted to manipulate its native token DGTX. . A judge in the U.S. District Court for the Southern District of Florida found that Todd violated multiple commodity laws when operating Digitex in concluding the CFTC’s first case in 2022 alleging that the DeFi platform failed to register as an exchange. trade on a regulated market. Todd faces a $12 million fine and about $4 million in subsequent penalties, but it's unclear whether Todd or the company will be able to reimburse customers.