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Crypto exchange Debiex faces romance scam allegations, CFTC claims $2.3M in losses
Jan 19. 2023
By Ciaran Lyons
Cryptocurrency exchange Debiex is under scrutiny as United States regulators allege that senior staff members orchestrated romantic relationships with potential customers in an effort to swindle their funds.
In a recent statement on Jan. 19, the Commodity Futures Trading Commission (CFTC) outlined that Debiex staff allegedly misled potential customers with gaining their trust before convincing them to open up accounts with the crypto exchange.
Debiex assured customers their funds would be invested in crypto, however, they allegedly misappropriated the funds for personal gain:
“The CFTC’s complaint alleges Debiex’s unidentified officers and/or managers cultivated friendly or romantic relationships with potential customers by communicating falsehoods to gain trust, and then solicited them to open and fund trading accounts with Debiex.”
Despite only five victims being identified over the two-year period, the regulator claims that over $2 million was stolen through the pig butchering scheme.
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