RATE Group | Israeli Cryptocurrency Exchange Owner Sues Wallet Company for Fraud
84604
post-template-default,single,single-post,postid-84604,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Israeli Cryptocurrency Exchange Owner Sues Wallet Company for Fraud

30 Mar Israeli Cryptocurrency Exchange Owner Sues Wallet Company for Fraud

Posted at 10:11h in Cryptocurrency News by

[ad_1]

Eli Bejerano, CEO of Israeli’s oldest cryptocurrency exchange Bit2C, has filed fraud charges against BT360, a popular Israeli crypto wallet. News of the $500,000 lawsuit first appeared in Globes, Israeli’s leading financial publication.

An Investment Gone Wrong 

According to the suit, Bit2C had been working with BT360 to pilot a Bitcoin savings account and a loan product. Bejerano alleged that he provided BT360 40 Bitcoins as of 2019 to sponsor the project, and that BT360 has not returned the funds until now.

BT360 mysteriously packed up last month, taking customers’ investments with it, and Bejerano is calling foul to what looks like an exit scam. From details of the lawsuit, Bejerano was supposed to be paid back monthly interest on his investment. Bejerano alleged that his interest was measured manually by employees of BT360 when he placed the money into the savings account in March 2019. However, the payments stopped after three months — and BT360 refused to refund him,…

[ad_2]

Source link

Tags:
, , , , , , ,