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ISRAEL AT WAR - DAY 423

SpotOption

FTX founder Sam Bankman-Fried leaves the courthouse following his arraignment in New York City on December 22, 2022. (Photo by Ed JONES / AFP)
September 6, 2023, 2:49 am
Before crash, FTX deals with alleged binary options operatives could have raised flags
In 2022, the now-infamous trading firm bought an Israeli-owned company linked to an industry accused of bilking billions from investors. Nobody seemed to notice or care
By Simona Weinglass
SpotOption's Pini Peter at a Chabad event in Cyprus (Facebook)
July 17, 2023, 4:54 am
In unique testimony, binary options kingpin slams ‘stupid’ US law enforcement
‘It was a terrific business,’ Pini Peter says of binary options firm SpotOption, ordered to pay back over $200 million by judge after it mounted no defense against US allegations
By Simona Weinglass
Screenshot of an image used in SpotOption's promotional material
October 4, 2021, 1:04 pm
Insider filmed saying top binary options platform rigged, boosting victims’ suit
Detectives obtain footage of ex-industry executive alleging SpotOption software was tilted against investors; clip to be used as evidence in class-action lawsuit filed in Tel Aviv
By Simona Weinglass
Hundreds of guests attend a Torah scroll dedication ceremony for Tel Aviv's Great Synagogue, August 2015. (Israel Bardugo)
April 22, 2021, 3:01 pm
Criminal rot in the heart of Israel
The SEC has filed fraud charges against the key firm in Israel’s global binary options scam. The saga shows our governance, law enforcement and society at large have been corrupted
By David Horovitz
The Daily Briefing
April 21, 2021, 2:28 pm
Daily Briefing Apr. 21 – TOI’s reporting brings alleged fraudsters to justice
Tune in Sunday through Thursday to hear ToI editors and reporters quickly catch you up on what’s important today
By ToI Staff
Representatives of DX.Exchange at Bloomberg's Crypto Summit in London, December 2018 (Facebook)
November 24, 2019, 7:08 pm
Much-hyped cryptocurrency website goes bust, revealing ties to binary options
78 current and ex-employees of the Israeli firm behind DX.Exchange, many of whom formerly worked for FBI-raided company SpotOption, petition to dissolve their employer
By Simona Weinglass and Raoul Wootliff
BinaryBook's website homepage.
July 9, 2019, 9:38 pm
Ahead of fraud trial, US lays bare ‘multitude of lies’ of Israeli binary options
Confirming years of investigative journalism by The Times of Israel, US Justice Department describes the cynical modus operandi of crooks who stole billions from victims worldwide
By David Horovitz and Simona Weinglass
Illustrative: FBI agent (iStock)
January 21, 2018, 5:29 am
Amid police inaction on binary options fraud, FBI pursues suspects in Israel
Agents visit platform provider SpotOption, and question binary options company owner Yossi Herzog
By Simona Weinglass
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