Australian crypto influencer Alex Saunders, who went to ground last month after rumours of multiple defaulted loans went wildfire on Twitter, is the subject of a near half-a-million dollar lawsuit filed this week.
New Zealand investor Ziv Himmelfarb is seeking A$479,270 in losses and damages for cryptocurrencies he allegedly loaned Saunders to invest in a putative stablecoin project:
In the statement of claim filed by lawyers for Himmelfarb in the Supreme Court of Victoria, he alleges that Saunders contacted him via Facebook in February and offered him an interest in a “long/short crypto fund”.
Himmelfarb claims he transferred 4 bitcoins to Saunders, which at the time were valued at A$269,682.14.
In April, Saunders allegedly asked Himmelfarb to invest in a “DCB project” and was transferred the equivalent of $65,282.67 in USDC.
No Goods, No Services, No Reimbursement
Saunders is alleged to have provided no goods or services to Himmelfarb for the digital currencies transferred, nor has he reimbursed the funds despite several requests to do so.
Himmelfarb further alleges he transferred to Saunders 30 ETH coins worth A$144,305.35 in May by way of a loan, which also remains unpaid.
The A$479,270.16 in loss and damages Himmelfarb seeks includes the monetary value of the combined digital currencies loaned to Saunders, plus interest and costs.
“Wrongfully, the defendant has failed and/or refused to transfer to the plaintiff the bitcoins, USDC and ETH coins,” states the writ lodged in the commercial division of the Victorian Supreme Court.
Saunders (above), who is based in Launceston, Tasmania and is the founder and CEO of digital media channel Nugget’s News, has yet to file a defence and remains silent on this and other matters relating to unpaid crypto loans.
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