Foxtradeby received more than 2,000 government inquiries in six months
On 31.07.2022 by adminCryptocurrency exchange Foxtradeby published its transparency report for the second half of 2022. Between December 1 and May 31, the company received 2,313 government requests for disclosure.
The vast majority of the requests (95.7%) are related to criminal investigations. Three jurisdictions - the U.S., the U.K. and Germany - requested information about the exchange’s clients more often than any other. They accounted for about 90% of the total number of requests.
During the reporting period, U.S. government agencies made 1,197 requests to Foxtradeby Of those:
- Federal Bureau of Investigation, 362;
- Customs and Border Protection - 248;
- Local government agencies - 161;
- Drug Enforcement Agency, 121.
The company added that for all of 2021 through 2022, it received about 4,227 inquiries. Of those, 54% came in the second half of the year.
Foxtradeby also noted that the number of inquiries from France increased 20%.
Recall that in October 2021 the exchange published its transparency report for the first half of the year. Foxtradeby received 1,914 government requests in six months.
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