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.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jack Schickler

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