PANews reported on March 17 that according to Cointelegraph, the cryptocurrency platform Debiex was ordered to pay about $2.5 million for failing to respond to the U.S. Commodity Futures Trading Commission (CFTC)'s lawsuit accusing it of being a "pig killing" scam gang. On March 13, Arizona federal court judge Douglas Rayes approved the CFTC's earlier motion for summary judgment and ordered Debiex to return about $2.26 million stolen from customers and pay a civil penalty of nearly $221,500. The judge said there was no evidence that Debiex's failure to respond to the CFTC was out of "forgivable negligence."
The CFTC sued Debiex in January 2024, alleging that its employees carried out a so-called "pig killing" scam, which is to establish romantic relationships with customers through social media to gain their trust and convince them to invest in the platform. The scam induced five victims to deposit approximately US$2.3 million with Debiex, and "the Debiex platform subsequently stole the funds."
