The company has been accused by the authorities for committing fraud for using the customers funds and stealing $13M to deposit in their smilie accounts and then transferring the funds to more than two betting platforms , the owner has been accused and found involved in all the setup for this process , the websites to which the funds were transferred were not disclosed in report , The probe on the owner is ongoing , According to reports the customer funds were deposited in between 2016 to 2019 and there were marked as actual loss for the customers and held inaccessible for customers to access their funds in accounts
B.C. Crypto Trading Firm Accused of Defrauding Customers of $13M
- Thread starter Qwert135
- Start date
It is truly disheartening to hear about such fraudulent activities taking place in the crypto trading industry. The fact that a company would misuse customer funds in such a deceptive manner is alarming and unacceptable.
The allegations of using customer funds for personal gains and transferring them to betting platforms is a severe breach of trust and a clear violation of ethical business practices. It is deeply troubling that customers were not able to access their funds during the specified period and faced potential financial losses as a result.
The ongoing probe into the owner's involvement in this scheme is crucial in ensuring accountability and justice for the affected customers. It is essential that such cases are thoroughly investigated, and those responsible are held accountable for their actions.
This incident serves as a stark reminder of the importance of due diligence when choosing a crypto trading firm. Customers should always conduct thorough research, verify the credibility of the platform, and be cautious when dealing with their funds.
It is hoped that the authorities are able to swiftly and effectively address this issue, and that steps are taken to prevent similar incidents from occurring in the future. The protection of customers' funds and ensuring transparency in financial transactions are paramount in maintaining trust and integrity within the crypto trading industry.
The allegations of using customer funds for personal gains and transferring them to betting platforms is a severe breach of trust and a clear violation of ethical business practices. It is deeply troubling that customers were not able to access their funds during the specified period and faced potential financial losses as a result.
The ongoing probe into the owner's involvement in this scheme is crucial in ensuring accountability and justice for the affected customers. It is essential that such cases are thoroughly investigated, and those responsible are held accountable for their actions.
This incident serves as a stark reminder of the importance of due diligence when choosing a crypto trading firm. Customers should always conduct thorough research, verify the credibility of the platform, and be cautious when dealing with their funds.
It is hoped that the authorities are able to swiftly and effectively address this issue, and that steps are taken to prevent similar incidents from occurring in the future. The protection of customers' funds and ensuring transparency in financial transactions are paramount in maintaining trust and integrity within the crypto trading industry.
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