After receiving numerous complaints, police launched an investigation into Bitlucky.
The firm has been operating for about five years, positioning itself as an intermediary between investors and the world of cryptoassets, providing advisory and educational services for them.
Bitlucky offered investors a “safe and secure entry” into the crypto market, promising users a monthly return of 5% to 25%.
Bitlucky CEO Luka Burazer sent out an email to about 700 customers this week, informing them of the platform’s fiasco.
The manager admitted that because of unsuccessful deals and decisions, he brought the company to a crisis state. The CEO promised to provide more information in the coming days.
The Croatian Blockchain and Cryptocurrency Association said Bitlucky was not a member and Mr. Burazer did not participate in Association events.
This spring, the P2P bitcoin trading platform Paxful announced it was shutting down. The reason – pressure from regulators and internal conflict between its co-founders.
One month later, however, Paxful management resumed operation of the site.