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

A US federal judge found the CFTC had shown that Debiex, which marketed itself as a crypto platform, was actually a romance scam that stole around $2.3 million.

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.”

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