RATE Group | Estonian crypto exchange was actually run by Israeli firm, employees claim
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Estonian crypto exchange was actually run by Israeli firm, employees claim

26 Nov Estonian crypto exchange was actually run by Israeli firm, employees claim

Posted at 05:21h in Cryptocurrency News by

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After a petition by its own staff, an Israeli firm that runs a heavily-hyped cryptocurrency exchange is reportedly shutting down.

The parent company of DX.Exchange, which traded asset-backed tokenized shares of Nasdaq listed companies, is entering bankruptcy after 78 of its staff petitioned to an Israeli court to “wind it up,” The Times of Israel reports.

The petition, dated October 24, alleges that an Israeli company called CX Technologies Ltd. is behind DX.Exchange, rather than an Estonian firm as listed on the exchange‘s website.

Furthermore, the petition claims that employee salaries for September and October were not paid. Some suppliers are also said to have sued the company in the last six months for failing to pay bills.

Concerning company connections

The petition says that CX Technologies is actually the company that was created after Israel-based binary options firm SpotOption was raided by the FBI in January…

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