Gibraltar court seeks $43 million in lost funds GlobixHe ordered them to cooperate with the liquidators.
The report, which stated that Cryptocom, Bitstamp and Kraken were instructed to identify the owners of suspicious wallets and Binance to freeze transfers, also included the court decision dated April 13 and interviews with a person familiar with the research.
Court Requests Identity to be Disclosed
Financial TimesAccording to the information obtained by the court Cryptocom, BitstampAnd Krakendemanded rival exchanges like the Globix to reveal the identities behind certain crypto wallets linked to the Globix platform.
Gibraltar passed regulations for crypto in early 2018, making it one of the first jurisdictions in the world to write rules for the nascent market.
According to people familiar with the matter, the sole shareholder and director of the company Damian Carreras a Gibraltar citizen and the majority of Globix’s investors are based in Gibraltar. One of them said that some of the investors hold influential positions in legal and political circles, and that at least one investor is an incumbent member of the Gibraltar Parliament.
13 AprilIn the interim injunction, it was also stated that any person who assisted or allowed the defendants to violate the terms and became aware of the decision could be charged with contempt of court.
Globix closed its doors to investors in June last year due to the crisis of confidence that has gripped the crypto market. However, the company has also caused several major crypto assets, including Bitcoin, to lose more than half of its value and bankrupt several once prominent firms. The company’s director, Carreras, voluntarily liquidated Globix last month after struggling for a long time to pay investors.
Gibraltar last June, Financial Action Task Force graylisted by It has been determined that the countries included in this list have strategic deficiencies in their anti-money laundering and terrorist financing regimes.
Government of GibraltarHe noted that the case illustrates the need for licensing and oversight of firms to ensure adequate consumer protection standards, adding that Gibraltar is the primary target in crypto regulations.
Carreras told the Financial Times that Globix was the victim of cybercrime.
Filings with the Gibraltar courts allege that a Globix funds wallet was active until late September 2022, long after investors’ accounts were locked. In addition, approximately $18 million was transferred to Binance between May 2021 and September 2022. However, Binance did not respond to a request for comment on the matter.
