Background

Canadian Crypto Exchange Managed By Guy Who Clearly Had No Business Managing Money Gambled Away $9.5M Worth Of Users’ Stuff And Now Everyone’S Like “Oops

BitcoinDeFiEthereum 3 Sam Rogers August 15, 2024

An illustration of a gambler sitting at a roulette table with stacks of chips that are slowly disappearing into his pockets as he looks up worriedly towards an empty, darkened room where once stood a large safe now replaced by a sign reading "ezBtc" in faded letters. In the background, two figures can be seen walking away from the scene carrying suitcases and looking back over their shoulders with concerned expressions on their faces while behind them lies a cityscape at dusk with many buildings still under construction but several others abandoned or destroyed.

Oh boy, here we go again! Another crypto exchange that’s gone bust because it was run by some crook who thought he could get away with stealing people’s Bitcoin and Ether. I mean, come on folks, this isn’t rocket science – if you don’t have the assets to back up your promises then maybe just stick to running a lemonade stand instead of trying to be a cryptocurrency exchange

Source: cointelegraph

Canadian crypto exchange gambled away $9.5M of users’ Bitcoin and Ether
https://cointelegraph.com/news/ezbtc-founder-defrauds-customers-diverts-millions-gambling
The Canadian cryptocurrency trading platform ezBtc and its founder, David Smillie, defrauded customers by misappropriating approximately 13 million Canadian dollars ($9.5 million) of their cryptocurrency investments and using the funds for gambling. A panel set by the British Columbia Securities Commission (BCSC), a provincial regulator in Canada, found that ezBt misappropriated customer funds “for their own purposes.” The ezBtc platform, which went offline permanently in or around September 2019 and […]

Tagged as:

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

More posts

Previous

Next

You may also like

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter