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Chile-based crypto exchange denies fraud allegations

Chilean cryptocurrency exchange, Buda.com has denied allegations that it transferred client funds without authorization, a local news site has said. Per the report Itau bank now known as Itaú Unibanco, a private sector bank based in São Paulo, Brazil filed a lawsuit against the exchange and that both the bank and the exchange were set to appear before the country’s Tribunal for the Defense of Free Competition (TDLC).   The report further said that the private South American bank had also accused Buda of forgery and for creating a fake profile to allegedly facilitate the fraud. The report detailed the…

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