If banks can be held accountable for their role in facilitating financial transactions within the cryptocurrency sector…(they) would provide greater protection for investors and customers – Crypto Fraud or Fiduciary Failure?, University of California, Berkeley School of Law.
On February 23, 2025, I sent a message to I&M Bank (formerly Investments & Mortgages Limited), with follow-up messages sent the following day. On February 24, 2025, a follow-up message I sent to I&M Bank was copied to the Capital Markets Authority (CMA) and focused on CBEX – an entity that has been engaging in cryptofraud, wire fraud, and equity fraud. CBEX has been using an I&M bank account to receive money from Kenyan “investors” and converting it to dollars that were then used for trading in the futures market – specifically crypto futures trading.
The Dubai Connection
The I&M bank account operated by CBEX (affiliate) is a multi-currency consumer-to-business (C2B) account that allows for payment operations…
Interested in reading info you are writing about