John Buzolits, a 35-year-old commercial real-estate broker in Philadelphia, opened a Celsius account in March for his bitcoin. Using bitcoin as collateral, Mr. Buzolits took out a loan of $62,500 in a stablecoin called USD Coin.
In the wee hours of Sunday morning, June 12, Mr. Buzolits grew concerned and repaid his loan. He then proceeded to withdraw his six bitcoin, worth more than $170,000 at the time. The transaction got ensnared in a security check. He hasn’t gotten his bitcoin back.
‘Enforcement 40’ for 2020
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