Alex Saunders Apologizes Publicly And Promises To Be Resolving His Cryptocurrency Activities

Alex Saunders, the founder of Nuggets News and a crypto influencer, issued a public apology for last year’s controversies and the manner he handled them months after a storm of controversy.

In 2021, Alex Saunders was accused of failing to repay debts and investing cash, according to a series of charges. Those who were harmed alleged that Saunders owed them money in Bitcoin (BTC). As a result, Australian media outlets conducted investigations and determined that the influencer owed up to $7 million.

Ziv Himmelfarb, the CEO of Nuggets News, filed a $350,000 lawsuit against him, seeking damages for unpaid loans. Himmelfarb claimed to have invested 4 BTC, 30 ETH, and $50,000 in stablecoins.

As a result of Alex Saunders’ failure to react

A default judgment was entered, compelling Saunders to compensate the investor for his losses.

Aside from that, the influencer has been chastised for a failed Decentraland-based project launch. The crypto influencer had raised funds on the Decentraland platform for a virtual headquarters. Saunders, on the other hand, was later shown to have neglected to pay the studio that was intended to construct the virtual HQ.

After a long pause, the founder of Nuggets News made a public announcement on Twitter, stating that he has paid off most of his obligations and is working on the rest. “I wasn’t thinking clearly and handled things horribly,” the influencer said. He stated:

“Everyone I had any kind of dealings within the crypto space has now been contacted and either repaid, or in the process of being repaid.” 

Despite the apologies, not everyone is convinced by Saunders’ new statement. Twitter user Jexxa remarked in one of the answers that he believes this is a “cop out” and that Saunders knew exactly what he was doing to his “trusting followers.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News