Gate News message: March 31, Peken Global, a CEX operator, agreed to pay $500,000 to the U.S. Commodity Futures Trading Commission (CFTC) to resolve a civil lawsuit. The CFTC alleged that the exchange operated as an unregistered offshore platform and unlawfully allowed U.S. residents to trade. The exchange reached a settlement without admitting or denying the allegations, and was prohibited from allowing U.S. clients to access the platform without registering with the CFTC. The CFTC said that U.S. clients generated approximately $110 million in trading fees for the exchange. Given the company’s cooperation and the forfeiture in parallel criminal proceedings, the CFTC did not seek to recover illicit gains.
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