Gibraltar Court Orders Crypto Wallet Freezes as Investigators Probe Failed Trader Globix: FT

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Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.

Featured SpeakerChristy Goldsmith Romero

CommissionerU.S. Commodity Futures Trading Commission

Christy Goldsmith Romero - Consensus 2023 speaker

Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.

A Gibraltar court has ordered several crypto exchanges to cooperate with the liquidators of crypto trader Globix, who are seeking to track $43 million that went astray, according to a report in the Financial Times.

Crypto.com, Bitstamp and Kraken have been ordered to identify the owners of suspect wallets, and Binance to freeze transfers, said the report, which cited the April 13 court order and talks with a person familiar with the search.

Gibraltar has sought to become a crypto hub, housing spot trading services for the Huobi exchange and ZUBR, a subsidiary of collapsed crypto exchange FTX.

The crypto trader stopped receiving investments in June amid crypto market turmoil, and filed for liquidation last month. Damian Carerras, its owner and director, who is from Gibraltar, told the FT the company it had tried to recover funds, but had been the victim of cyber crime and theft.

Edited by Sheldon Reback.

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Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.

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Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.

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