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CX Technologies, the Israeli company purportedly behind the Estonian cryptocurrency exchange DX.Exchange, has reportedly begun bankruptcy proceedings after a petition was filed by its employees.
The Times of Israel reported that 78 former and present employees of CX Technologies have filed a petition in an Israeli court on Oct. 24 for the company to cease its operations.
Earlier this month, DX.Exchange halted its operations saying that it was unable to bear the high costs involved in running the platform. While DX.Exchange’s website claims that it is owned by an Estonia-based company, the petition alleges that it is operated by CX Technologies.
The petition reportedly contains a number of startling claims and revelations including CX Technologies being a successor company of the now-defunct SpotOption, which was raided by the U.S. Federal Bureau of Investigation (FBI) in January 2018 over suspicions about its involvement in a multibillion-dollar binary options scam in Israel.
Citing Israel’s corporate registry, the Times of Israel reported that Malhaz Pinhas Patarkazishvili is a majority shareholder of CX Technologies, who owns 90 percent of the firm, while Skowronski, an American, owns 10 percent. Patarkazishvili, who also goes by the alias Pini Peter, previously owned SpotOption.
The news outlet noted that while, Skowronski is the public face of CX Technologies, the role of Patarkazishvilis not mentioned in most of DX.Exchange’s marketing material. What’s more is that Coins Marketplace Technologies OU, the Estonian company which is said to be the entity behind DX.Exchange, is owned by Limor Patarkazishvili, the wife of Patarkazishvili.
The employees have also accused the company of not paying them salaries for September or October 2019 with some not receiving benefits for an even longer duration. In addition, the company has also been sued by several Israeli suppliers, including White Hat Ltd., Malam Team, and Bee2See Dotan B.S. Solutions, in the past six months for alleged non-payment of bills.
The petition also claims that Miriam Mileikowsky, the wife of Ory Mileikowsky – Prime Minister Benjamin Netanyahu’s first cousin, was a senior employee of both SpotOption and CX Technologies. Ory went nearly bankrupt back in 2013 after losing 90 percent of the funds of investors he had advised.
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