The New York Southern District Court has denied motion by EminiFX investors to intervene in the lawsuit brought by the CFTC.
The Commodity Futures Trading Commission (CFTC) opposes the EminiFX investors’ motion to intervene.
In 2022, cash receipts by the Receivership of EminiFX totaled nearly $65 million, primarily from the turnover of frozen funds.
The CFTC supports the Receiver’s proposal that estate digital assets be sold in a managed liquidation process.
The Government wants to stay discovery in the CFTC case against EminiFX in its entirety until the conclusion of a related criminal case.