CoinTelegraph 2025-03-17 02:11:07

Crypto platform Debiex must pay $2.5M in CFTC ‘pig butchering’ case

Crypto platform Debiex has been ordered to pay around $2.5 million after it failed to respond to a US Commodity Futures Trading Commission suit accusing it of being a romance scam ring. Arizona federal court Judge Douglas Rayes on March 13 granted the CFTC’s earlier motion for summary judgment in its case and ordered Debiex to pay back around $2.26 million it stole from its customers, along with a civil penalty of nearly $221,500. Judge Rayes said there was no evidence that Debiex’s failure to respond to the CFTC was the result of “excusable neglect.” The CFTC sued Debiex in January 2024, saying its staff ran a so-called “pig butchering” scam , where they initiated romantic relationships with customers over social media to gain trust to convince them to invest in the platform. The scheme hooked five victims who deposited around $2.3 million in total onto Debiex, which the purported trading platform stole, the CFTC said. A highlighted excerpt of Judge Rayes’ order summarizing the CFTC’s case against Debiex, Source: CourtListener The CFTC also accused Zhāng Chéng Yáng of being a “money mule” for Debiex, whose crypto wallets were used to accept and steal victims’ funds. Judge Rayes granted a CFTC motion for default judgment against Zhāng on March 12, finding it adequately alleged he controls a crypto wallet with OKX “that received digital assets to which he had no legitimate claim.” He said OKX was “voluntarily preserving” the crypto in Zhāng’s account and ordered its contents, consisting of $5.70 worth of Tether ( USDT ) and nearly 63 Ether ( ETH ) worth around $119,500, to be transferred to an unnamed victim. The CFTC said in its January 2024 complaint that Debiex’s scheme saw its unknown managers target potential victims through social media to lure them to websites it had created marketing itself as a “Blockchain Network Decentralized perpetual contract trading platform” where users can conduct futures trading and “Mining transactions.” Related: Four suspects charged in home invasion of streamer Amouranth Debiex’s staff would present as females and built a rapport with victims through “continuous and repeated messaging and sharing purported pictures of themselves” while claiming to be “highly successful digital asset commodities traders,” the CFTC said. Once an account was created and the customers sent over their crypto, the CFTC said Debiex would share “fictitious information” about customer balances, trading positions and profits. “All of this information was most likely false,” the CFTC said. “The evidence shows that the Customers’ digital assets were simply sent to numerous digital asset wallets in an attempt to obfuscate their destination.” Magazine: SEC’s U-turn on crypto leaves key questions unanswered

Meist gelesene Nachrichten

Ethereum, Solana, and XRP: What’s Happening i...
2025-03-17
Breaking: Michael Saylor Announces New Strate...
2025-03-17
Bitcoin, XRP, SOL slump as market awaits Fed’...
2025-03-17
Michael Saylor’s Strategy buys 130 Bitcoins f...
2025-03-17
Strategy Announces Smallest Bitcoin Purchase...
2025-03-17
Bitcoin Surges 0.47% to $83,545 After US Reta...
2025-03-17
Malaysian authorities warn of an uptick in cr...
2025-03-17
Bitcoin Price Analysis: Will BTC Breakout Abo...
2025-03-17

Ähnliche Neuigkeiten

Strategy expands Bitcoin holdings with $10.7m purc...
17 Mar 2025
Bollinger Bands Give XRP Chance for New All-Time H...
17 Mar 2025
TON Jumps 15% After Pavel Durov's Release
17 Mar 2025
Wemix CEO Addresses Hack, Announces Services Resum...
17 Mar 2025
Shocking $6.4B Digital Asset Outflows Signal Deepe...
17 Mar 2025
Running Out of Steam? Strategy Makes its Smallest...
17 Mar 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen