Chilean court ordered two banks to identify Buda cryptocurrency exchange

According to Bitcoin.com, the Chilean Free Competition Protection Tribunal (TDLC) tampered with checks on the Latin American cryptocurrency exchange Buda after the closure of two major banks in a lawsuit alleging non- involvement in Ponzi schemes. . TDLC has ruled that two banks, Banco Itau and Banco Estado, should shut down Bud Bank while investigating a company called Terra Finance in 2018. Four victims of the scammer filed a complaint claiming they were users of the exchange. cryptocurrency, and the total amount of fraud was 100 million Chilean pesos (approximately 200,000 US dollars). At the time, Banco Itau Bank claimed that it had authorized Buda not to directly use the platform for fraudulent companies such as Terra Finance and had taken no action to prevent this. However, a Chilean court ruled that this requirement was not sufficient.