The Commodity Futures Trading Commission (CFTC) filed a lawsuit against the cryptocurrency platform Debiex and a Chinese national, Zhāng Chéng Yáng, Wednesday with accusations that they defrauded at leave five customers across the U.S. and misappropriated at least $2.3 million in customer funds.
Debiex represented itself as a digital-currency platform that facilitated futures trading and crypto-mining transactions for popular currencies, such as bitcoin and ether. In actuality, the company simply had customers transfer funds to Zhang's digital wallet, the commission said.
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