Crypto platform Debiex ordered to pay $2.5 million in US CFTC "pig killing" case
according to Cointelegraph, the cryptocurrency platform Debiex was ordered to pay approximately $2.5 million for failing to respond to a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) accusing it of being a "pyramid scheme" fraud group. On March 13, Federal Judge Douglas Rayes of Arizona approved a motion for summary judgment filed earlier by the CFTC and ordered Debiex to return approximately $2.26 million stolen from customers, as well as pay a civil penalty of nearly $221,500. The judge stated that there was no evidence to suggest that Debiex's failure to respond to the CFTC was due to "excusable neglect."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
LIBRA memecoin orchestrators named as defendants in US class-action suit
Unlock Profitable Insights on Solana, Dogecoin, and Bitcoin Now!
In Brief Ali Martinez shares insights on Solana, Dogecoin, and Bitcoin's market performance. Technical patterns suggest potential upward movements in these cryptocurrencies. Investors are encouraged to conduct research before making decisions.
Terra Luna Classic Community Faces Divisions Over New Governance Proposal
In Brief The Terra Luna Classic community is divided over a new governance proposal. Voting results show insufficient support for the proposed changes. The recent token burn is seen as a positive development by the community.
Bitcoin Investor Takes Huge Risk—40x Leverage on $368M Short
Trending news
MoreCrypto prices
More
