Cryptocurrency investors are clamoring for answers from a well-known Launceston specialist
After Mr. Saunders appeared on an online Livestream, the complaints began to surface
Nugget’s Crypto Community, a Facebook group for members, has been renamed Collective Shift Crypto Community
Cryptocurrency investors are demanding answers from a high-profile Launceston-based specialist who has yet to respond to charges that he owes millions of dollars, which have been making the rounds for the past 11 days. Alex Saunders, the proprietor of the Nugget’s News YouTube channel and a fee-based advisory service, was accused of seeking investors for the Decentral Bank initiative, but instead appeared to immediately transfer the funds to a cryptocurrency derivatives market. The claims surfaced when Saunders appeared on an online Livestream with bitcoin expert Richard Heart from the United States on July 18, during which the two battled vehemently about each other’s trustworthiness.
Heart shared a number of images of earlier exchanges with Saunders online after the video, which was viewed over 60,000 times, in which the Tasmanian appeared to solicit a short-term loan from him because he has some not-so-nice people claiming he owes them. Later, Saunders appeared to offer Mr. Heart a 50k allocation in my initiative, which is thought to be the Decentral Bank project.
Investors being concerned about the activities of Saunders’
Following Heart’s post, more investors expressed their concerns about Saunders’ alleged recent activities online, including YouTube personality Bitboy Crypto – also known as Ben Armstrong – who shared screenshots of a conversation in which he repeatedly sought a response from Saunders regarding an alleged earlier loan. Further communications appeared to show Saunders pledging to repay everyone in full if the idea he was working on was successful.
A connection to cryptocurrency wallets with online transaction histories reportedly belonging to Saunders was also supplied, revealing at least several million dollars in investments coming in from a variety of sources, only to be immediately transferred to a cryptocurrency exchange for reinvestment. On Thursday, Australian cryptocurrency educator Brad Laurie asked Saunders 40 questions on Twitter, including claims that many Nugget’s News members who invested in the Decentral Bank initiative were highly concerned about their deposits. Concerned persons had called Laurie, he added.
Public raising concerns regarding serious claims in private chat groups
He wrote that too many people were raising serious concerns, claims, screenshots, and serious statements were starting to emerge in private chat groups and popular influencers were starting to speak about content related to the Richard Heart direct messages as well, and that too many people were raising serious concerns, claims, screenshots, and serious statements were starting to emerge in private chat groups and popular influencers were starting to speak about content related to the Richard Heart direct messages as well. As Aussies, they’re renowned for being blunt, and you and he are known for adopting a no-nonsense approach to crypto, so he expected you to have addressed all of this immediately and publicly by now (it’s been more than a week).
Nugget’s Crypto Community, a Facebook page for members, was renamed Collective Shift Crypto Community, however Collective Shift executive director Ben Simpson stated Saunders was no longer a shareholder or donor. Simpson has been contacted for comment. Saunders was on the board of Blockchain Australia, the industry’s apex organization. Saunders could not be reached for comment. Saunders became interested in bitcoin in 2012, years before its price rose, and after leaving his job as a pharmacist, he became a cryptocurrency specialist or influencer.