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About ELMO

Elmo (ELMO) is a cryptocurrency launched in 2024. ELMO has a current supply of 1.00Bn with 0 in circulation. The last known price of ELMO is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at .
ELMO Price Statistics
ELMO’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#4838
ELMO Market Cap
Market Cap
$0
Fully Diluted Market Cap
$19,592.06
ELMO Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
ELMO Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
1.00Bn
Updated Jan 15, 2025 9:30 am
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ELMO
Elmo
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
EminiFX Founder Ordered to Pay $228 Million in Restitution for Ponzi Scheme
EminiFX Founder Ordered to Pay $228 Million in Restitution for Ponzi Scheme
According to Cointelegraph, a federal judge in New York has mandated Eddy Alexandre, the founder of the now-defunct cryptocurrency platform EminiFX, to pay over $228 million in restitution. This decision follows the court's determination that EminiFX operated as a Ponzi scheme, defrauding tens of thousands of investors. The U.S. Commodity Futures Trading Commission (CFTC) achieved a summary judgment against Alexandre and EminiFX, with U.S. District Judge Valerie Caproni holding them jointly responsible for the restitution amount and an additional $15 million in disgorgement. The court's ruling comes more than three years after Alexandre was initially charged and over a year following his guilty plea in a related criminal case. EminiFX, which launched in 2021, quickly amassed over 25,000 investors, raising more than $262 million within eight months. The company falsely promised weekly returns ranging from 5% to 9.99% through a "Robo-Advisor Assisted Account," which purportedly utilized automated trading strategies in cryptocurrency and forex markets. However, court documents revealed that the platform incurred net losses of at least $49 million and never implemented the advertised technology. Investigations uncovered that Alexandre diverted at least $15 million for personal expenses, including credit card payments, luxury vehicles, and cash withdrawals. Investor withdrawals were funded using commingled funds from new participants, a hallmark of Ponzi schemes. Alexandre's legal troubles began in May 2022 when prosecutors and the CFTC initiated parallel actions. In the criminal proceedings, he confessed to commodities fraud and received a nine-year prison sentence, along with a $213 million restitution order. The civil case, now concluded with Judge Caproni's order, imposes a parallel restitution and disgorgement requirement, although any restitution payments will offset his disgorgement obligation. The court-appointed receiver, tasked with managing the recovery and distribution of assets since 2022, commenced disbursing recovered funds to victims earlier this year after a distribution plan was approved in January. Meanwhile, losses from cryptocurrency hacks, scams, and exploits have reached $2.47 billion in the first half of 2025, as reported by CertiK. Although the second quarter saw $800 million lost across 144 incidents—a 52% decrease in value and 59 fewer hacks compared to the first quarter—the total losses for the year have already increased by nearly 3% from 2024.
Aug 20, 2025 5:53 pm

Frequently Asked Questions

  • What is the all-time high price of Elmo (ELMO)?

    The all-time high of ELMO was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Elmo (ELMO) is 0. The current price of ELMO is down 0% from its all-time high.

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  • How much Elmo (ELMO) is there in circulation?

    As of , there is currently 0 ELMO in circulation. ELMO has a maximum supply of 1.00Bn.

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  • What is the market cap of Elmo (ELMO)?

    The current market cap of ELMO is 0. It is calculated by multiplying the current supply of ELMO by its real-time market price of 0.

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  • What is the all-time low price of Elmo (ELMO)?

    The all-time low of ELMO was 0 , from which the coin is now up 0%. The all-time low price of Elmo (ELMO) is 0. The current price of ELMO is up 0% from its all-time low.

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  • Is Elmo (ELMO) a good investment?

    Elmo (ELMO) has a market capitalization of $0 and is ranked #4838 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Elmo (ELMO) price trends and patterns to find the best time to purchase ELMO.

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