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Crypto scam with a Lithuanian twist: Bankera and the scheme to funnel tens of millions ...

Retrieved on: 2025-04-29 19:18:13

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Crypto scam with a Lithuanian twist: Bankera and the scheme to funnel tens of millions .... View article details on hiswai:

Summary

The article discusses how Lithuania's Bankera's cryptocurrency venture, launched via an ICO, raised significant funds but failed its objectives. Key funds were allegedly misused for real estate, involving Vanuatu-based transactions and notable figures like Eimantas Kazlauskas. Kathryn Westmore emphasizes misrepresentation concerns in ICO fund usage. The narrative intertwines cryptocurrencies with global financial practices and scrutiny.

Article found on: sokalinfo.com

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