Gibraltar court froze wallets of all crypto exchanges to find missing $43 million
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A Gibraltar court has ordered a freeze on all cryptocurrency wallets that may be linked to the Globix exchange that collapsed in March. According to Financial Timesthis was done so that the liquidators of the exchange could find the missing $43 million in the accounts. The decision affects several large sites at once, including Binance, Crypto.com, Bitstamp and Kraken.
The liquidators of the Globix cryptocurrency exchange obtained a court order to freeze wallets on April 13, but the court decision was not published anywhere. In addition to the freezing of funds, the court also required cryptocurrency exchanges to disclose data on the owners of wallets that may be associated with Globix.
According to the newspaper, the sole shareholder and director of Globix was Gibraltar citizen Damian Carreras. Most of the company’s investors are also from Gibraltar, including high-ranking civil servants and even one member of the local parliament.
The Globix exchange itself did not have a state license. Her problems began last summer in the wake of a fall in cryptocurrency rates. In June, the exchange closed investors’ access to their funds. However, according to court documents, client funds were moved until at least September 2022. At the same time, $18 million was transferred to wallets on Binance. Now the authorities suspect Mr. Carreras of fraud and theft of clients’ funds.
The fact that experts consider most of the transactions on the world’s crypto exchanges to be manipulations, “Kommersant” wrote in the material “An Exceptionally Honest Deception”.
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