Founder of cryptocurrency fintech company Bankera accused of embezzling ICO funds to purchase luxury homes

BlockBeats News: On April 29th, according to an investigation by OCCRP (Organized Crime and Corruption Reporting Project), Vytautas Karalevi č ius, Justas Dobiliauskas, and Mantas Mockevi č ius, three co founders of cryptocurrency company Bankera, are suspected of using nearly half of the $114 million raised by IC0 in 2018 to purchase luxury homes on the French Riviera and Lithuania, and issuing millions of euros in personal loans through self controlled banks. Although lawyers deny fraudulent behavior, the BNK token dividend promise has been terminated in 2022, and the bank license promised by the project has not been realized. At present, the fully diluted market value of BNK token is only about 976000 US dollars. （Cointelegraph）