logo

New York Judge Orders EminiFX Cryptocurrency Fraud Case Mastermind to Pay $228 Million Fine

By: theblockbeats.news|2025/08/20 23:31:54
0
Share
copy

BlockBeats News, August 20th, according to TheBlock report, in 2022, the CFTC accused New York man Eddy Alexandre and his company EminiFX of raising $59 million from thousands of users for forex and cryptocurrency trading, and misappropriating a large amount of funds. New York District Judge Valerie Caproni approved the Commodity Futures Trading Commission's motion for a default judgment this Tuesday, ordering defendants Alexandre and EminiFX to jointly and severally pay a total of approximately $228 million in restitution and return $15.0495 million in illegal gains. The U.S. Attorney's Office for the Southern District of New York said Alexandre also faces criminal charges, has pleaded guilty, and has been sentenced to nine years in prison.

You may also like

What are the common traits of people who founded a $5 Billion+ company before the age of 23?

Trauma, Neurodiversity, Cross-Domain Skills. These characteristics, which may appear as "flaws" on a traditional resume, could instead be the most important signals

Why Hasn't $160 Billion Stripe Gone Public?

The Rise of Private Placements, with Companies like Stripe Rewriting Fundraising Logic.

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed

Users can access key information in real time without switching pages

Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?

When people talk about Bitcoin, they often overlook one key thing.

Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets

When the stock market is closed, the on-chain becomes the sole trading and pricing outlet.

Who Longs War on Polymarket?

The Rug Pull War rages on, with the potential to earn up to 4x gains on your bet

Popular coins

Latest Crypto News

17:43

Analyst: The calmness of U.S. inflation data may hide potential risks, traders will closely monitor the performance of core services

Tastylive's global macro director Ilya Spivak stated that the next catalyst for the market is likely to come from the inflation data itself. Economists expect the overall CPI year-on-year for the U.S. in February to record 2.4%, while the core CPI year-on-year is expected to record 2.5%. However, be...
17:43

CZ: Binance's annual revenue is about $5 billion, and Forbes has seriously miscalculated my net worth

Binance founder CZ stated on social media, "Forbes' estimation of my net worth is seriously off. Binance is expected to have an annual revenue of about $5 billion, but they estimate my net worth at $110 billion. I feel that if I tried to claim I have a high net worth, they would actually lower my ra...
17:43

Data: Giant Whale pension-usdt.eth shorts Bitcoin and Ethereum, and longs crude oil, with a total value exceeding 80 million USD

According to monitoring by Lookonchain, the smart money address pension-usdt.eth is shorting BTC and ETH while going long on oil. The current positions are: 1,000 BTC (approximately $69.55 million), 8,950 ETH (approximately $18.07 million), and 30,000 xyz:CL (approximately $2.59 million).Since March...
17:43

Data: 40,000 SOL transferred from Kraken, worth approximately $3.4156 million

According to Arkham data, at 17:12, 40,000 SOL (worth approximately $3.4156 million) was transferred from Kraken to Binance.
17:43

Barclays: If oil prices remain around 100 dollars, the European Stoxx 600 index will fall to about 550 points

Barclays Bank expects that if oil prices remain around $100 per barrel and economic growth stays stagnant, the earnings per share (EPS) growth rate for European companies is likely to drop to a lower single-digit level, with the STOXX Europe 600 index falling to about 550 points.Historically, during...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com