bankera

ChainCatcher news, according to Cointelegraph, the founders of the crypto fintech company Bankera have been accused of using funds raised from the 2018 Initial Coin Offering (ICO) to purchase luxury properties worldwide.According to leaked company records and bank statements, founders Vytautas Karalevičius, Justas Dobiliauskas, and Mantas Mockevičius transferred nearly half of the ICO funds (approximately $114 million) into a bank they purchased in Vanuatu. The bank subsequently issued loans to companies owned by the three for the acquisition of luxury properties in the French Riviera and Lithuania.Bankera had promised to become "the bank of the blockchain era" and obtain an EU banking license, but this has not yet been realized. Its originally planned profit-sharing program was suspended in 2022. The founders' lawyer denied any fraudulent activity in the ICO but declined to comment on specific transactions.