Violation Tracker Individual Record

Company: 
BFXNA Inc. d/b/a Bitfinex
Penalty: 
$75,000
Year: 
2016
Date: 
June 2, 2016
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

The U.S. Commodity Futures Trading Commission issued an order filing and simultaneously settling charges against Hong Kong-based bitcoin exchange, BFXNA Inc. d/b/a Bitfinex (Bitfinex), for offering illegal off-exchange financed retail commodity transactions in bitcoin and other cryptocurrencies, and for failing to register as a Futures Commission Merchant as required by the Commodity Exchange Act.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.