Dohrnii Labs accuses cryptocurrency exchange Blynex of illegally liquidating its token assets
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2025-03-24 18:01 2,473
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Golden Finance reported that learning money-making platform Dohrnii Labs has submitted a report to the United Arab Emirates police for the unauthorized liquidation of its tokens and failed to provide the promised loan.
According to a statement, Dohrnii Labs deposited 12,649.99 Dohrnii (DHN) tokens to Blynex, worth more than $500,000. On March 23, the company said it used 8,650 of the tokens as collateral for a 30-day loan in exchange for 80,000 USDT.
Dohrnii claims the exchange never delivered USDT. Additionally, the team said Blynex liquidated all of its 8,650 DHN positions on Uniswap, earning 149,151 USDT and causing the token's market cap to fall. The company said the attempt to withdraw the remaining 4,000 DHN tokens was unsuccessful.