RATE Group | Much-hyped cryptocurrency website goes bust, revealing ties to binary options
69762
post-template-default,single,single-post,postid-69762,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Much-hyped cryptocurrency website goes bust, revealing ties to binary options

24 Nov Much-hyped cryptocurrency website goes bust, revealing ties to binary options

Posted at 18:42h in Cryptocurrency News by

[ad_1]

The Israeli company behind the cryptocurrency exchange DX.Exchange is going through bankruptcy proceedings after 78 of its former and present employees petitioned an Israeli court to wind it up.

The petition, which was filed on October 24, contained several surprising claims and revelations linking the once highly publicized cryptocurrency exchange, promoted by the likes of Bloomberg News, to Israel’s notorious binary options industry.

The petition alleges that the Israeli company, CX Technologies Ltd., developed and ran a cryptocurrency trading platform. Other documents seen by The Times of Israel reveal that that trading platform was called DX.Exchange. According to  DX.Exchange’s website, it is owned by a company registered in Estonia, but the petition claims that it was in fact operated by CX Technologies. The petition further claims that CX Technologies is a successor company to SpotOption, which was raided by the FBI in January 2018 over suspicions that it…

[ad_2]

Source link

Tags:
, , , , , , ,