ChainCatcher reports that, according to Cointelegraph, the learn-to-earn platform Dohrnii Labs has submitted a report to the United Arab Emirates police, accusing the local cryptocurrency exchange Blynex of unauthorized liquidation of its tokens and failure to provide the promised loan.

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

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