The Commodity Futures Buying and selling Fee (CFTC) has charged 3 decentralized finance (DeFi) protocols with providing unlawful virtual asset derivatives buying and selling.

The CFTC has accused 0x, Opyn, and Deridex of illegally providing leveraged commodities to US retail consumers. In particular, 0x is being charged for a token “issued by way of a 3rd birthday celebration unaffiliated with ZeroEx, that supplied buyers roughly 2:1 leveraged publicity to virtual belongings reminiscent of ether and bitcoin.”

opyn cooperated essentially the most and were given hit with the biggest high quality.

matcha was once hit with a high quality for a token they did not factor (it was once issued by way of index coop).

the one technique to win is not to play.

— banteg (@bantg) September 7, 2023

Opyn and Deridex are accused of working an unlicensed derivatives alternate, no longer following the KYC and AML regulations set by way of the Financial institution Secrecy Act, and no longer failing to dam U.S. customers from gaining access to their platform.

Opyn, ZeroEx, and Deridex have agreed to settle with the Fee and can pay fines of $250,000, $200,000, and $100,000, respectively.

0x, the developer of DEX aggregator Matcha, just lately cooperated with the CFTC to unravel an inquiry relating to tokens constituting lower than 0.1% of Matcha’s buying and selling quantity since inception. As a part of our efforts to power sustained web3 adoption, our workforce appreciates the CFTC’s…

— Matcha 🍵 (@matchaxyz) September 7, 2023

ZRX is down 0.8% during the last 24 hours, in line with CoinGecko.