Debiex Ordered to Pay $2.5M After Alleged Romance Scam
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Crypto trading platform Debiex has been ordered to pay approximately $2.5 million after failing to respond to a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). The CFTC accused the company of operating a romance scam targeting investors, where the platform engaged in a ’pig butchering’ scam. On March 13, Arizona federal court Judge Douglas Rayes granted the CFTC’s motion for summary judgment, ruling that Debiex must return about $2.26 million stolen from its customers, along with a civil penalty of nearly $221,500. Judge Rayes also stated that Debiex’s failure to respond to the lawsuit was not due to excusable neglect.
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