A federal judge in New York ordered Eddy Alexandre, founder of the crumped crypto platform Eminifx, to pay more than $ 228 million in charge after deciding that the company was a Ponzi procedure that ridiculed thousands of investors.
The US Commodity Futures Trading Commission (CFTC) has gained a summary judgment against Alexandre and Eminifx, along with US district judge Valerie Caproni holding a joint responsibility for more than $ 228 million in charge and an additional $ 15 million in disgorgement, According to In a court filing Tuesday.
“Defendants Alexandre and Eminifx are together and are seriously responsible for paying payment at a total of $ 228,576,962,” the court ruled. “Defendant Alexandre is responsible for paying disgorgement for $ 15,049,500.”
Decision came more than three years after Alexandre was first charged and more than a year after he Pleaded guilty to a parallel case of criminal.
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Eminifx raised $ 262 million in fake Robo-trading claims
Eminifx launched in 2021 and quickly attracted more than 25,000 investors, raising more than $ 262 million in just eight months. The company has promised a weekly return of 5% to 9.99% through a so-called “robo-advisor assisted account” that is said to have deployed automatic trading techniques in crypto and forex markets.
In fact, court filing shows a platform that promotes net losses of at least $ 49 million and never deployed its technology to convert it.
According to investigators, Alexandre picked up at least $ 15 million for personal use, funding credit card bills, expensive cars and cash removal. Meanwhile, investors’ removal are paid using commingled funds from new participants.
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Court sentences established Eminifx in nine years
Alexandre’s fall began in May 2022 when prosecutors and the CFTC filed similar actions. In the case of criminal, he admitted In fraud of the goods and punished nine years in prison, with a $ 213 million payment order.
The civil case, which now ends with Caproni’s command, adds a parallel to the restoration and mandate of disgorgement, even if any payment towards restoration “will eliminate his disgorgement obligation,” each court decision.
The recipient of the court, who administered the recovery and distribution of properties since 2022, began paying funds to the victims earlier this year after a distribution plan was approved in January.
Losses from crypto hacks, scams and exploitation reached $ 2.47 billion in the first half of 2025, according to Certik. While Q2 saw $ 800 million lost throughout 144 incidents, a 52% drop in value and 59 fewer hacks compared to Q1, the total year to date is nearly 3% from 2024.
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