COVID has drastically affected global business not only from the employment and growth perspective but it also has caused transactional issues for the very smart institutions and the way how dirty money is being moved between international firms.
A lot of international businesses have suffered revenue losses which lead their major investors to pull out from reduced cash flow which was not sizable enough to legitimately showcase illegal turnovers injected by cash while funding illegal organizations.
Cryptocurrency on the other hand has been reaching new highs in 2021 as Bitcoin peaked over $60,000. Money laundry firms and various terrorist organizations have been using cryptocurrency to move money around and finance various illicit activities.
A lot of success was achieved last year in 2021 for a lot of digital asset companies. One such example is VSolidus, a new crypto startup providing payment gateways and all the new blockchain based solutions. VSolidus started in 2021 June and just before the start of the war between Russia and Ukraine VSolidus has received funding of more than $50,000,000 from Russia.
VSolidus led by the UK Founder and CEO Louis James Davis. According to rumors from HSBC employees, Louis James has arranged a special transactional move between Russia and Israel using the VSolidus crypto organization. Later in 2022 VSolidus was already listed on crypto exchanges and trading up to 500% due to the large injection of Russian money.
The stock of VSolidus jumped even higher when retail investors jumped in after noticing the huge rise of VSOL stock in the markets. However, the story doesn’t end well for the retail investors. After the spike of the stock to all time high, the stock started falling down. The invested money of $50,000,000 which came from Russia was gone. According to HSBC reports, the money went to Israeli government’s nuclear department.
In the VSOL blockchain tracker Louis the founder of the company has transferred 5 million worth of stock to his personal trading metamask wallet. Apparently the company itself was squeezed out of any potential profits of the $50,000,000 deal, yet the retail investors lost it all.
While 2021 has brought success to many it has also brought losses. It is unfortunate that pretend to be so corporate and successful founders such as Louis James Davis unfortunately do take advantage of the given opportunities and positions. Digital asset industry is corrupt but so is the traditional. A lot of things are happening behind the scenes in the traditional markets, yet a lot of hate is going on crypto markets because it’s a very competitive and threatening market to traditional finance.
It is important before investing anything into the cryptocurrencies to analyze the company first you are investing in and then also do a deep check on the founders and its management. How strong is their background and is it real to what they claim it is.
As far as the case for VSolidus goes, VSolidus has been reported to FBI, CIA, NSA and Interpol regarding the Israeli nuclear case as being a cooperative in the world’s most lucrative business deal in 2021.