US CFTC Sues Crypto Exchange Debiex for $2.3 Million ‘Pig Butchering’ Scam

US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against the Debiex platform, which is presented as a crypto exchange, for stealing $2.3 million from investors using a fraud method called “pig butchering”. In its lawsuit, the CFTC accused Debiex and Zhang Cheng Yang, who may have acted as a so-called “money mule” for the platform. The complaint was filed on January 19th in the US District Court for the District of Arizona. The US regulator added that Debiex appropriated approximately $2.3 million from five customers as part of the plan. The CFTC is seeking a refund for these customers, compensation, a monetary penalty, a trading ban, and a permanent injunction. 

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