Mexico’s 3rd-richest man, Ricardo Salinas, says he was defrauded in a $150M stock-backed loan connected to $400M Bitcoin bet .
Here’s what happened 👇
• Salinas reportedly took a $150M loan backed by pledged shares • The capital was tied to a broader $400M $BTC position • He now alleges those pledged shares were sold without his consent
Salinas has been one of Latin America’s most vocal Bitcoin advocates, repeatedly urging investors to allocate heavily to #Bitcoin
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Mexico’s 3rd-richest man, Ricardo Salinas, says he was defrauded in a $150M stock-backed loan connected to $400M Bitcoin bet .
Here’s what happened 👇
• Salinas reportedly took a $150M loan backed by pledged shares
• The capital was tied to a broader $400M $BTC position
• He now alleges those pledged shares were sold without his consent
Salinas has been one of Latin America’s most vocal Bitcoin advocates, repeatedly urging investors to allocate heavily to #Bitcoin