Judge Orders EminiFX Founder to Pay $228 Million in Crypto Fraud Case

BTCC / BTCC Square / Global Cryptocurrency /

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2025-08-20 16:45:02

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Eddy Alexandre, founder of the defunct crypto platform EminiFX, has been ordered to pay $228 million in restitution after a federal judge ruled the operation was a Ponzi scheme. U.S. District Judge Valerie Caproni issued the ruling following a CFTC case that revealed Alexandre siphoned $15 million for personal use while investors lost millions.

The platform, launched in 2021, attracted over 25,000 investors with promises of 5%-9.99% weekly returns through a purported automated trading system that never materialized. Alexandre faces a concurrent nine-year prison sentence in a related criminal case, marking one of the larger crackdowns on crypto fraud this year.

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