According to Cointelegraph, the founder of crypto fintech company Bankera has been accused of using the funds raised from its 2018 initial coin offering (ICO) to purchase luxury properties worldwide. Nearly half of the ICO funds (about $114 million) of founders Vytautas Karalevičius, Justas Dobiliauskas and Mantas Mockevičius were transferred to a bank they purchased in Vanuatu, according to leaked company records and bank statements. The bank then issued loans to three-person-owned companies to acquire luxury properties on the French Cote d'Azur and Lithuania. Bankera has promised to become a "bank in the blockchain era" and obtain an EU banking license, but it has not yet been implemented. Its original planned revenue sharing plan was suspended in 2022. The founder’s lawyer denied the fraud in the ICO but declined to comment on the specific deal.
Bankera founder accused of misappropriating ICO funds to acquire global real estate, with the amount involved in over $50 million
区块链先知
1d ago
Follow
DisclaimerAll content on this website, hyperlinks, related applications, forums, blog media accounts, and other platforms published by users are sourced from third-party platforms and platform users. BiJieWang makes no warranties of any kind regarding the website and its content. All blockchain-related data and other content on the website are for user learning and research purposes only, and do not constitute investment, legal, or any other professional advice. Any content published by BiJieWang users or other third-party platforms is the sole responsibility of the individual, and has nothing to do with BiJieWang. BiJieWang is not responsible for any losses arising from the use of information on this website. You should use the related data and content with caution and bear all risks associated with it. We strongly recommend that you independently research, review, analyze, and verify the content.
Open the app to read more news
No comments yet