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Commodity Futures Trading Commission v. Debiex et al
Case Number:
2:24-cv-00117
Court:
Nature of Suit:
Other Statutes: Securities/Commodities
Judge:
Government Agencies
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March 14, 2025
'Pig Butchering' Crypto Site Must Pay $2.5M, Judge Says
A purported crypto trading platform has been ordered to pay nearly $2.5 million after failing to respond to U.S. Commodity Futures Trading Commission claims that it was at the heart of a so-called pig-butchering scheme — or a scam that sees victims fleeced by fictitious, chatty social media users.
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January 18, 2024
CFTC Sues Crypto Site Over $2.3M 'Pig Butchering' Scam
The Commodity Futures Trading Commission has accused an unregistered cryptocurrency exchange of engaging in a "pig butchering" scheme to lure victims into friendships or romantic relationships, only to steal their money through an investment scam.