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Bad crypto bets helped to destroy Credit Suisse banker’s wealth firm

Francis Menassa invested $2.5M in trading platform BlockEx which, despite a successful ICO, was forced to lay off staff 12 months later.

Owner of 8K bitcoin lost in landfill threatens to bankrupt local council

James Howells is preparing to sue a UK council for $557M (£446M) in damages and permission to find his bitcoin in a landfill.

The UK’s 40% tax rate means that £100,000 in inherited crypto could still incur a £40,000 bill, even if bereaved families can never spend it.

Scammers used the likeness of UK Money Saving Expert Martin Lewis to legitimize a fake bitcoin investment that led to thousands in loan debt.

Research also showed that 70% of high street banks and 56% of challenger banks don’t carry out necessary ‘know your business’ verification.