Bitcoin $BTC has steadied after the recent volatility and 60% fall in price, currently trading at around $8,100.

DavorCoin, an exchange based in the USA that borrowed money from investors and paid interest in ‘davorCoins’ has just announced that clients’ money had gone and accounts have been marked down to zero.

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Bitcoin $BTC has steadied after the recent volatility and 60% fall in price, currently trading at around $8,100.

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Other cryptos have also steadied and appear to be base building, although they have fallen around 4% across the board at the time of writing. Ripple has increased around 50% since the recent nadir at around 68c, and is now trading around $1.02.

DavorCoin, an exchange based in the USA that borrowed money from investors and paid interest in ‘davorCoins’ has just announced that clients’ money had gone and accounts have been marked down to zero.

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Sadly another example of investors losing money, in what appears to be a crypto scam.This sort of incident only serves to shake confidence in the crypto industry as a whole, but with so much money being thrown at ICO’s and crypto tokens, one doubts this will be the final such occurrence.

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