Alex Saunders, the popular crypto influencer behind Nuggets News, is facing a slew of claims he failed to repay crypto loans, along with allegations that funds invested in a new project had been redirected to a crypto exchange.
Saunders is one of the most highly regarded Australian crypto educators. He provides a paid service and has 140,000 subscribers on YouTube.
Over recent days, Crypto Twitter has been ablaze with allegations that Saunders has run out of capital. Numerous individuals, including YouTuber BitBoy, claim that Saunders personally owes them multiple Bitcoin (BTC) each, prompting investigations from the Australian Broadcasting Corporation (ABC) and the Australian Financial Review (AFR).
According to the AFR, Saunders received roughly $7 million from 100 or so investors seeking to back his forthcoming stablecoin project, Decentral Bank, after he promoted it to Nuggets News followers in April. The publication claims to have spoken to more…