The cryptocurrency platform Debiex has been ordered to pay $2.5 million in the U.S. CFTC "pig butchering" case

ChainCatcher news, according to Cointelegraph, the cryptocurrency platform Debiex has been ordered to pay approximately $2.5 million for failing to respond to a lawsuit by the Commodity Futures Trading Commission (CFTC), which accused it of being part of a "pig butchering" scam. On March 13, U.S. District Judge Douglas Rayes in Arizona approved the CFTC's earlier motion for summary judgment and ordered Debiex to return approximately $2.26 million stolen from customers, along with a civil penalty of nearly $221,500. The judge stated that there was no evidence to suggest that Debiex's failure to respond to the CFTC was due to "excusable neglect."

The CFTC filed a lawsuit against Debiex in January 2024, alleging that its employees carried out a so-called "pig butchering" scam, which involved establishing romantic relationships with clients through social media to gain their trust and persuade them to invest on the platform. The scam lured five victims to deposit approximately $2.3 million into Debiex, which "subsequently stole these funds."