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CFTC files first CEA for crypto price manipulation
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Case Law, Commodities, Emerging Technology, Government Oversight, Nonbank Financial
Friday, March 10, 2023
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The Commodity Futures Trading Commission filed the first civil enforcement action in federal court for a scheme to unlawfully obtain millions of dollars in digital assets. The type of scheme is sometimes called “oracle manipulation,” which involves the hacking and manipulation of a smart contract to cause a system failure, theft, or other damages.
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