Millions lost, police reports filed: Behind the plight of CoAssets’ hapless investors
Tech in Asia·2020-12-29 11:00
The holiday season was supposed to bring cheer in a pandemic-ravaged year.
Several hundred retail investors, however, were shaken to the core in early December after finding out that CoAssets, a Singapore-based investment platform that they’ve lent money to, had disposed of over US$30 million in borrowings to Sunfits, a virtually unknown debt recovery firm.
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