On February 18, 2016, Exante Broker was the target of lawsuits filed by the U.S. Securities and Exchange Commission against it in connection to the largest financial hacking case in history. Exante, a European investment company, brokers financial markets. Exante broker's product lines include cryptocurrencies, exchange-traded, and over-the counter financial instruments.

Accusation

SEC accuses nine clients that they allegedly traded illegally through brokerage accounts with Exante.

U.S. authorities claim that they accessed more then 100,000 press releases from Marketwired, PR Newswire, San Francisco and Business Wire. This was in addition to the information released by PR Newswire and Marketwired. These press releases contained earnings information and other corporate information.

 The prosecutor's office indicated in court documents that the defendants used around 800 of the news releases to complete transactions before the information was released

​Exante has repeatedly denied the allegations since day 1.

Exante, on the other hand, has denied all allegations since day one. Exante stated that the complaint "completely misrepresents Exante", our business model, and the regulatory environment within which we operate. Trades are prohibited and the company was set up by traders.
 Exante was never and will not be a hedge funds, contrary the claims in the lawsuit. Our business model consists of executing transactions for clients.

Exante stated that its market monitoring and internal and external oversight is strong and effective. The company stated that it is "in direct contact with many authorities, including the MFSA" to resolve this problem as soon as possible. We are certain that the time will prove that we acted in a proper manner and await the actual results.
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"Our staff will keep working hard to ensure Exante clients continue to receive outstanding service while maintaining peace and security."

 SEC statement

 The nine defendants were Exante Ltd.'s brokerage clients. They were accused of engaging in illegal trading through Exante's brokerage account. The SEC also dismissed other claims that Exante had filed against it based on the same transactions