The update comes three days after the platform abruptly announced the asset hold.
HYPEMOON
Cited as the largest fraud scheme case involving Bitcoin to date.
CEO Zac Prince said that market volatility and fear have had a negative impact on the lending platform.
President Nayib Bukele has touted Bitcoin as “the future.”
To date, the SEC has only approved futures-based Bitcoin ETFs.
In what is said to be one of the largest Ponzi schemes in history.
HYPEMOON
The firm now holds nearly 130,000 Bitcoins.
Saying that the decision was inconsistent with previous approvals.
Which he believes could be a new application or a dip that causes everyone to buy.
Calling digital asset wallets “bank branches in our pockets.”
After being issued a default notice by cryptocurrency platform Voyager Digital.
