The US SEC released a cease-and-desist order barring EtherDelta from operating
EtherDelta is an ERC-20 trading platform. It permitted users to trade in a trustless ecosystem without registering accounts. Furthermore, the exchange unlawfully gave its users permission to trade coins that meet SEC securities requirement.
EtherDelta CEO, Zachary Coburn, will pay a disgorgement amount of $300,000, an interest of $13,000, a penalty of $75,000.
JUST IN: SEC charges EtherDelta founder with operating an unregistered exchange -- its the agency's "first enforcement action based on findings that such a platform operated as an unregistered national securities exchange." Story to come— CoinDesk (@coindesk) November 8, 2018
Launched in 12 July 2016, the ERC-20 exchange website was built with a non-complicated interface. It is a decentralized exchange, or DEX.