On 10 March 2023, Adrian Hyde, Joanne Wild and Brian Simpson, all of Begbies Traynor UK, Gibraltar and British Virgin Islands (“the Liquidators”), were appointed as Liquidators of Globix (“the Company”), the cryptocurrency investment platform operated by Miracle World Ventures Limited.
Since their appointment, the Liquidators have obtained eight separate orders from the Supreme Court of Gibraltar; successfully frozen assets and obtained disclosures from various related parties, in their continued effort to recover assets on behalf of the Company’s creditors.
The ongoing process has also led to the public examination of the Company’s sole director, Mr Damian Carreras, before the Supreme Court of Gibraltar, on Friday, 21 July 2023.
During the hearing, led by Daniel Feetham KC and Darren Martinez, both of Hassans International Law Firm Limited, it was revealed that between Mr Carreras, and his business associate Mr Sidorov, they had obtained some disclosure from several exchanges into which substantial amounts of the Company’s cryptocurrency assets were transferred.
The disclosure relates to crypto wallets in the name of Alla Nicolayevna Babenko, the partner of Mr Sidorov. It is also revealed that some US$28m of cryptocurrency from the Globix funding wallet which was in the name of Damian Carreras, was transferred into her wallet.
Today, the Liquidators can confirm they have successfully secured orders for disclosure against Miss Babenko, and an order for her cross-examination on 5-6 October 2023 in Gibraltar. In addition, lawyers in Moscow are already engaged, given that US$10m of crypto assets were transferred from Miss Babenko’s wallet to the Russian Garantex exchange. A further US$6m was also transferred into the Hong Kong exchange, Bitzlato, with whom we are also engaging.
The liquidators are resolute in their determination to seek such additional orders as are needed to enable them to identify and recover the Company’s assets for the benefit of the creditors.
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