- Luka Burazer emailed their 700 approximately people to explain a slew of mistakes.
- Local media stated the organization marketed monthly returns of 5% to 25%.
Bitlucky, a Croatian cryptocurrency investment business, has apparently collapsed and lost $75 million in customer money. Thus, prompting government bodies to produce an inquiry. Croatian media sites claimed the 2009 week the company’s director, Luka Burazer, emailed their 700 approximately people to explain a slew of mistakes.
Bitcoin and cryptocurrency investors within the Balkan country are speculating that “bad trades” might not be the only real reason behind Bitlucky’s closure. Local media stated the organization marketed monthly returns of 5% to 25%.
Hindering Development of the sphere
Once touted as “your window in to the blockchain world,” Bitlucky has regrettably closed its virtual doorways. After receiving complaints from consumers, government bodies in Croatia have apparently begun investigating the firm, that has been functioning for 5 years.
It appears that the organization advised customers regarding how to purchase cryptocurrencies like Bitcoin. The organization advertises itself on its website as “an intermediary” that provides “advisory and education services” and guarantees a “safe and secure entry” in to the cryptocurrency market.
Within the developing Croatian crypto community, Bitlucky sticks out being an exception. Bitlucky wasn’t part of the Croatian Association for Blockchain and Cryptocurrencies, based on an announcement. “The director,” presumably talking about Burazer, also wasn’t present in the association’s conferences or occasions.
People of the Balkan crypto club Discord were not impressed with Bitlucky’s false promises of profit as investors absorbed this news. The crypto sector has already been under scrutiny over regulation around the globe and the like occasions add fuel towards the situation. Thus hindering the development from the sector.