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Alex Saunders Faces Criticism For Delaying BTC Payments And Loans

Stefan by Stefan
04/08/2021
in Bitcoin News
Reading Time: 2 mins read
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Alex Saunders Faces Criticism For Delaying BTC Payments And Loans
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Alex Saunders faces criticism for delaying loans, bitcoin payments, and investment funds, despite him being extremely popular in the crypto space as an influencer powering Nuggets News so let’s read more in today’s Bitcoin news.

Most of his associates started accusing him of owning them a huge sum of BTC and in addition, they said that Alex Saunders redirected the new project’s funds into a crypto exchange. The crypto educator has been prominent and respected on social media and YouTube with a total of 140,000 subscribers. He also has a paid membership service which he offers to interest BTC investors.

btc downfall
The crypto king, Bitcoin is facing a slight downfall as the daily candle blows $39k Source BTCUSD on TradingView.com

Nugget News CEO misused people’s money according to crypto Twitter and as a result, many individuals claimed that he owed them money. One such person is BitBoy who is a fellow YouTuber who claims that the CEO owes him some BTC. The investors prompted the Australian Financial Review and Broadcasting corporation to investigate the matter. The AFR learned that the CEO collected up to $7 million more from the 100 investors that want to buy his upcoming stablecoin projected called Decentral bank. The investigators learned that most people got interested after he promoted the project on Nugget NEws three months ago and after that, many people started investing in the project and each person invested $50k to back the project.

After the investments were made, Saunders moved the money to FTX but FTX founder told AFR that they will investigate the matter even further. For now, Saunders is yet to respond to the allegations. Before this incident, Saunders appeared on a live stream with Richard Hart who is the HEX founder and the event was held a few days before with lots of heated arguments between the two. Saunders mentioned that HEX order books are not adequate to support the selling pressure, citing data from Santiment.

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nugget news

After removing Saunders from the live stream, Heart went on Twitter and shared his private discussion asserting that Saunders begged him for the loan of 50 BTC and tried to offer him a “ pre-allocation” in the decentral bank.  According to ABC however, Saunders spoke with an overseas hedge fund management company to borrow BTC on two occasions but the fund claimed that he has yet to repay the loan they sent him in January.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: alex saundersbitcoin loansbitcoin paymentsbtc paymentsfacing criticismloansnugget news
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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