Brazilian crypto-investment platform Bluebenx backtracks on hacking reports, says it was victim of stock market fraud – Bitcoin News

Brazilian crypto-investment platform Bluebenx backtracks on hacking reports, says it was victim of stock market fraud – Bitcoin News

Bluebenx, the Brazilian crypto company that recently halted customer withdrawals, has changed its story about why it took the action. While the exchange issued a statement via email informing customers that it had been the victim of a vicious hack, the company now says the liquidity problems were the result of a listing scam.

Bluebenx changes versions due to liquidity issues

Brazilian crypto-investment firm Bluebenx has changed its version of the recent liquidity problems it is facing, after halting payouts to some clients last week. The first explanation of this resolution included claims that the exchange was a victim of “extremely aggressive hack“, where the cessation of operations is part of the security protocol to deal with the consequences of the event.

However, he has now deviated from this explanation, offering a very different take on the matter. Bluebenx explained that the incident was the result of an exchange fraud, in which the company agreed to pay to list its own currency, BENX, on another platform. According to a note the company sent to Livecoinslocal source, Bluebenx had to pay $200,000 and 25 million Benx for this listing opportunity to a third party familiar with the unnamed listing exchange.

However, the alleged representative deceived and deprived the company of these funds. Also, the attacker took the paid 25 million BENX and replaced it USDT using the liquidity funds of the stock market, depriving it of all its stable liquidity.

The company stated:

BlueBenx also clarifies that out of more than 25,000 customers, only 2,500 were affected by the strike. The recovery plan foresees that these users will be able to use their applications from 2023 onwards.

The company did not explain the reasons for this change in its statement.

An explanation of the big layoffs

The company also provided an explanation for the layoffs it made on the same day as the incident, leading some customers to believe they were victims of a Ponzi scheme. The company explained:

Bluebenx has taken unpopular measures and, in order to ensure safety and guarantees for our investors, has laid off some employees and vendors with privileged access, as a way to limit access to accounts.

Although the company did not specify the number of employees who were laid off, they reported that, for now, only 11 people remain on the company’s payroll, and that it has left its headquarters and other assets in order to “comply with its legal and contractual obligations with its customers.” .”

What do you think about Bluebenx changing its explanation of liquidity problems? Tell us in the comments section below.

Brazilian crypto-investment platform Bluebenx backtracks on hacking reports, says it was victim of stock market fraud – Bitcoin News

Sergio Goschenko

Sergio is a cryptocurrency journalist from Venezuela. He describes himself as a latecomer, having entered the cryptosphere when prices rose during December 2017. Having a background in computer engineering, living in Venezuela and influenced by the cryptocurrency boom on a societal level, he offers a different perspective on crypto success and how it helps the unbanked and underserved.

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