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

The court has ordered Binance,, Bitstamp and Kraken to freeze wallets or identify owners linked to the collapsed crypto trader.

AccessTimeIconApr 25, 2023 at 8:06 a.m. UTC
Updated Apr 25, 2023 at 2:25 p.m. UTC

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

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

Edited by Sheldon Reback.


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Jack Schickler

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

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