Crypto Funds 'disappear' From French Asset Manager Books
Faizan Hashmi 1 month ago Wed 23rd June 2021 | 04:27 PM
Rench police are investigating claims that tens of millions of euros worth of crypto assets vanished from the books of an association representing hundreds of investors, a judicial source said
Paris, (UrduPoint / Pakistan Point News - 23rd Jun, 2021 ) :French police are investigating claims that tens of millions of Euros worth of crypto assets vanished from the books of an association representing hundreds of investors, a judicial source said.
But Binance told AFP in a statement Wednesday that it had no record of any RR Crypto company account.
News channel BFMTV said "that it's impossible to know whether the funds were deposited under another name, or whether the portfolio was a complete fiction".
Police are investigating for suspected gang theft, breach of protected data, and money laundering, with several government financial crime services involved in the probe, the judicial source told AFP.
On Sunday, the association's founder Vincent Ropiot told some of its members that their assets had "disappeared" without a trace when Binance "rebooted" RR Crypto's account, according to specialist publication Le Journal du Coin and local newspaper Le Bien Public which first reported the case.
But the exchange said in its statement to AFP that "Binance has no process to 'reboot' registered funds".
Crypto assets have seen a sharp drop recently from dizzying heights reached in the first half of the year.
It has since climbed back above $30,000.