Brazilian crypto investment platform Bluebenx dodges hacker reports and says it was a victim of a listing scam – exchanges Bitcoin News

Bluebenx, a Brazilian crypto company that recently halted customer withdrawals, has changed its story on the reasons that prompted the action. While the exchange issued an email statement informing customers that it had been the victim of a malicious hack, the company now says the liquidity problems were the result of listing fraud.

Bluebenx changes version regarding liquidity issues

Brazilian crypto investment firm Bluebenx has changed the version due to the recent liquidity issues it is facing after halting withdrawals for some clients last week. The first statement of that resolution included claims that the exchange was the victim of an “extremely aggressive hack,” with the disruption to operations being part of security protocols to deal with the aftermath of the event.

Now, however, it has stepped back on that explanation, offering a very different take on the problem. Bluebenx explained that the incident was the result of a listing scam in which the company agreed to pay for its own currency, BENX, to be listed on another platform. According to a company statement to Livecoins, a local source, Bluebenx had to pay $200,000 and Benx 25 million for this listing opportunity to a third party familiar with the unnamed listing exchange.

However, the alleged representative defrauded the company and deprived it of these funds. Also, the attacker took the paid 25 million BENX and exchanged it for USDT using the exchange’s liquidity pools, depriving it of all its stablecoin liquidity.

The company explained:

BlueBenx also clarifies that of its more than 25,000 customers, only 2,500 were affected by the blow. The restructuring plan stipulates that these customers will be able to redeem their applications from 2023.

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

Statement on massive layoffs

The company also issued an explanation for the layoffs, which were carried out on the same day this incident happened, leading some customers to believe they were victims of a Ponzi scheme scam. The company explained:

Bluebenx has taken unpopular measures and, in order to ensure security and guarantees for our investors, fired part of the employees and suppliers with privileged access to limit access to the accounts.

While the company didn’t specify the number of employees it laid off, it reported that for the time being only 11 people remained on the company’s payroll and that it had given up its headquarters and other assets to “meet its legal and contractual obligations to its customers.”

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

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price surge took place in December 2017. He has a computer engineer background, lives in Venezuela and is socially impacted by the cryptocurrency boom. He offers a different take on crypto success and how it’s helping those who are unbanked and underserved.

Photo credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer, or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In case you missed it

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers