The U.S. Attorney’s Office for the Southern District of Florida announced that ex-Digitex CEO Adam Todd pleaded guilty to charges that could put him in prison for up to five years.
U.S. authorities indicted former Digitex CEO Adam Todd in February for failure to implement and maintain an effective Anti-Money Laundering program at the exchange.
Adam Todd, founder and former CEO of the Digitex Futures Exchange, has pleaded guilty in federal court for failure to establish an Anti-Money Laundering program at the firm.in February. According to the indictment, Todd operated an unregistered futures platform for U.S. customers between 2018 and 2022, failing to implement and maintain AML and Know Your Customer programs.
According to the U.S. Attorney’s Office, Todd could face up to five years in prison and a $250,000 fine. Though charged in a different federal district, former Binance CEO Changpeng Zhao pleaded guilty to similar charges in November 2023. In April, Zhao wasThe U.S. Attorney’s Office did not announce a date for Todd’s sentencing hearing.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase International Exchange, Advanced to offer WIF perpetual futures trading to non-US customersCoinbase International Exchange said Thursday that it will begin supporting $WIF perpetual futures trading for non-US users in some jurisdictions, beginning on April 25.
Read more »
Taiwan plays a ‘very crucial role' in AI supply chain, says Taiwan Stock Exchange CEOMuch of Taiwan’s dominance can be attributed to Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker.
Read more »
Hong Kong green lights first spot Bitcoin ETFs: Law DecodedThe Hong Kong Securities and Futures Commission has reportedly approved three spot Bitcoin exchange-traded funds.
Read more »
Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEOSheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.
Read more »
Binance CEO says exchange is weighing up a few jurisdictions for selecting its headquartersBinance CEO Richard Teng said the exchange is speaking to a few jurisdictions that are under consideration for its headquarters.
Read more »
Coinbase lists WIF perpetual futures contract as it unveils plans for Aevo, Ethena, and EtherfiDogwifhat (WIF) perpetual futures began trading on Coinbase International Exchange and Coinbase Advanced on Thursday.
Read more »