Crypto platform Debiex ordered to pay $2.5 million in US CFTC "pig killing" case

according to Cointelegraph, the cryptocurrency platform Debiex was ordered to pay approximately $2.5 million for failing to respond to a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) accusing it of being a "pyramid scheme" fraud group. On March 13, Federal Judge Douglas Rayes of Arizona approved a motion for summary judgment filed earlier by the CFTC and ordered Debiex to return approximately $2.26 million stolen from customers, as well as pay 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."