logo

CX Technologies insolvent, 78 employees appeal

web 3963945 640

CX Technologies declared bankrupt as 78 of its employees employ court injunction following a misleading statement by CX Technologies.

The Israeli company, CX Technologies, actually manages DX. Exchange, but the Exchange website states an Estonia-based cryptocurrency company as the owner of the organization.

Based on this misinformation was the petition by the Israeli company employees made at an Israeli court.

CX Technologies petition

The petition also dragged Israeli company into a multi-million dollar option scam involving a software company, SpotOption. The employees alleged that Israeli company is a successor to the software company banned in January 2018 following the raid by Israeli police and the United States Federal Bureau of Investigation.

The non-payment of salaries was another issue mentioned in the petition. As at the time of the appeal, the employees of Israeli company disclosed that they were still being owed September and October salaries.

Worthy of mention is the relationship between Miriam Mileikowsky, CX executive, and Israeli Prime Minister Benjamin Netanyahu. Prime Minister’s first cousin, Ory Mileikowsky, is the husband to Miriam Mileikowsky, who lost about 90% of investment funds and was nearly bankrupt.

Featured image by: Gerd Altmann.

Luchis

Luchis

Oluchi likes working under pressure and meeting tight deadlines. Her passion for writing, especially books, creative pieces, articles and reviews are showcased in her journalistic pieces. With a strong academic background in microbiology, environmental science, engineering, and professional qualification from ASQ as a quality process analyst, and internal auditing, she contributes scientific outlook, conciseness and balance to Cryptopolitan.

Related News

Hot Stories

Litecoin price analysis: LTC aims for $78.07 as bullish momentum escalades
Uniswap price analysis: Bulls take control as prices hit highs of $5.43
XDC Price Prediction 2023-2031: Is XinFin a Good Investment?
Cardano price analysis: Bullish rally drives ADA/USD prices to $0.3156
Solana price analysis: SOL rallies high to $14.68 as bulls mark 10.30 percent gains

Follow Us

Industry News

Another Sign of Danger: 7-year-old 10,000 BTC moved
CZ grilled on Bloomberg TV, sets the record straight, and shows he is the boss
Bank of Japan records breakthrough in its CBDC trial
Why is the crypto market down today? November 2022 update
We take a look at Crypto firms that went bankrupt in 2022

Add Your Heading Text Here