POPA ReconBank run process exposed by Bitmart employees Source
Bank run process exposed by Bitmart employees Source 1. Massive losses due to copy trading fraud in April 2. First wave of layoffs in June, high net worth individuals begin to withdraw money 3. Large withdrawals begin to not be approved 4. Launch of 399-day 12% annual interest rate guaranteed principal product 5. July interest rate rises to 18.88%, deadline shortened to 10 days 6. On the day interest rates rose, exchange tokens began to plummet. 7. On July 24, the investment product redemption button was removed, and withdrawals of more than $10,000 were refused. 8. Announcement bullet…
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