It has come to our attention that DARWIN XYF unequivocally replicated a commercially available execution advisor (EA). The legitimate owner of the track-record migrated & IPOd as XYF produced conclusive evidence that at least part of said track record was used without his permission.
Whilst we finalise our investigation on the matter, we have meanwhile:
- De-linked XYF from its original contributor,
- Linked DARWIN XYF to an underlying account managed by the EA developer (Belkaglazer), who will accrue any success fees paid by XYF investors
One of the persons linked to XYF was a Darwinex employee, who no longer works for us due to this unfortunate incident.
The case has highlighted the need to:
- Update our arbitration procedure in ownership disputes, as published in 2015
- Update our migrations due diligence process
The legitimate owner of the track record is now happily trading the strategy behind XYF.
Please do not hesitate to contact us should you need assistance in this connection.