PANews reported on April 29 that according to Cointelegraph, based on an investigation by OCCRP (Organized Crime and Corruption Reporting Project), three co-founders of the crypto financial technology company Bankera - Vytautas Karalevičius, Justas Dobiliauskas, and Mantas Mockevičius - are suspected of misappropriating nearly half of the $114 million raised during the 2018 ICO through their controlled bank, using the funds to purchase luxury villas in the French Riviera and Lithuania, and issuing personal loans worth millions of euros. Despite lawyers denying fraud, the BNK token dividend promise was terminated in 2022, and the project's promised banking license was not realized.
The founder of crypto fintech company Bankera was accused of misappropriating IC0 funds to buy a luxury house
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