All by tag: Lawsuit

A US court has ordered EminiFX founder Eddy Alexander to pay $228 million for a fraudulent scheme that defrauded more than 25 000 investors

Sergei Potapenko and Ivan Turogin have been under investigation for fraud since 2022

This is the seventh lawsuit against the exchange related to the incident

The plaintiffs claimed lost profits due to the delisting of the asset

The project was suspended by the local regulator back in August 2023

Alex Mashinsky previously partially pleaded guilty to fraud and market manipulation

The number of victims exceeded 60 000 and the amount of damage reached $5б6 million

The Commission actively began winding down proceedings against crypto firms after a change in leadership in January

Initially, the fund’s liquidators requested $120 million from the exchange

The entrepreneur was convicted of multibillion-dollar fraud involving FTX customer funds last March

He had been in custody in Portugal since last October