The crypto lending platform temporarily suspended withdrawals in June, but reports say it suffered big losses trading customer’s funds.
. The company had apparently been conducting proprietary trading with customers’ funds. It remains unclear based on reporting if users were/are aware their crypto was/is being used in this way. The company has not put out any formal statement about the issue, and did not immediately respond to Gizmodo’s request for comment through the main company email.
Bitcoin’s fall to $20,000 “chalked up significant losses” leading to the liquidation of multiple trading accounts, taking the thousands of crypto with it. Last month, the company
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