The learning and earning platform Dohrnii Labs accuses the cryptocurrency exchange Blynex of illegally liquidating its token assets

2025-03-24 19:20:13

Collection

ChainCatcher news, according to Cointelegraph, the learning-to-earn platform Dohrnii Labs has filed a report with the police in the United Arab Emirates, accusing the local cryptocurrency exchange Blynex of unauthorized liquidation of its tokens and failing to provide the promised loan.

According to the statement, Dohrnii Labs deposited 12,649.99 Dohrnii (DHN) tokens into Blynex, worth over $500,000. On March 23, the company stated that it used 8,650 of those tokens as collateral for a 30-day loan in exchange for 80,000 Tether's USDT. Dohrnii claims that the exchange never delivered the USDT.

Additionally, the team stated that Blynex liquidated its entire position of 8,650 DHN on Uniswap, obtaining 149,151 USDT, which led to a decrease in the market value of the tokens. The company reported that attempts to withdraw the remaining 4,000 DHN tokens were unsuccessful.

(Source Link)

Related tags

Dohrnii Labs Blynex Clearing

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.