Court Orders EminiFX Founder to Repay $228M

August 20, 2025

, By Cointelegraph

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A federal judge in New York ordered Eddy Alexandre, founder of the collapsed crypto platform EminiFX, to pay more than $228 million in restitution after ruling the company was a Ponzi scheme that defrauded tens of thousands of investors.

The US Commodity Futures Trading Commission (CFTC) secured a summary judgment against Alexandre and EminiFX, with US District Judge Valerie Caproni holding them jointly liable for more than $228 million in restitution and an additional $15 million in disgorgement, data-ct-non-breakable=”null” href=”https://www.courthousenews.com/wp-content/uploads/2025/08/cyrpto-fraudster-owes-millions-in-restitution-and-disgorgement.pdf” title=”null”>according to a Tuesday court filing.

“Defendants…

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Court Orders EminiFX Founder to Repay $228M

August 20, 2025

, Published By Cointelegraph

A federal judge in New York ordered Eddy Alexandre, founder of the collapsed crypto platform EminiFX, to pay more than $228 million in restitution after ruling the company was a Ponzi scheme that defrauded tens of thousands of investors.

The US Commodity Futures Trading Commission (CFTC) secured a summary judgment against Alexandre and EminiFX, with US District Judge Valerie Caproni holding them jointly liable for more than $228 million in restitution and an additional $15 million in disgorgement, data-ct-non-breakable=”null” href=”https://www.courthousenews.com/wp-content/uploads/2025/08/cyrpto-fraudster-owes-millions-in-restitution-and-disgorgement.pdf” title=”null”>according to a Tuesday court filing.

“Defendants…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Financial scam losses in Indonesia hit $282m

Next News

BharatPe strengthens leadership team with key appointments in finance and investments

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