Gibraltar Court Freezes Crypto Exchanges Assets

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A Gibraltar court has frozen cryptocurrency wallets on multiple large trading platforms that are potentially linked to the now-bankrupt Globix exchange.

This is so that the liquidators of Globix can locate the $43 million missing from their accounts.

The affected exchanges include Binance, Crypto.com, Bitstamp and Kraken.

On April 13, the court issued an order for the wallets to be frozen, but it was not made public.

They also asked the exchanges to hand over data about the owners of the wallets related to Globix.

The director and sole shareholder of Globix is Damian Carreras, a citizen of Gibraltar. The exchange was not licensed, however, it was backed by high-ranking local civil servants, including one member of Parliament.

In the summer of 2022, as cryptocurrency prices plummeted, the exchange ran into difficulties and blocked its users from accessing their funds. But court documents state that the assets were moved at least until September.