French citizen Alexander Ruffin has filed a lawsuit against cryptocurrency company Modern Assets Australia after a failed deal to buy digital assets. It is reported by ABC News.
According to the publication, Ruffin runs a brokerage firm GAINS Associates. He planned to buy Klaytn cryptocurrency for $ 800,000 through Modern Assets, but the deal, for some unknown reason, did not take place.
After that, the company connected the buyer directly with the Gold Coast cryptocurrency provider. According to the plaintiff, he should have received 937,500 KLAY (about $ 93,000 at the time), but the seller disappeared with the money.
Ruffin covered the losses of investors from his own funds.
“At the time, it was 80% of my assets,” he said.
According to the head of GAINS, Modern Assets did not verify the seller. He demanded from the company payment of $ 800,000 and compensation for the losses incurred.
Recall that in February 2021, the Australian authorities filed charges against a Sydney resident suspected of laundering $ 4.3 million through Bitcoin.
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