As many in the Cayman Islands become involved in various cryptocurrency schemes we have decided to share a bit more on the rise of some companies regionally. OffshoreAlert extensively investigated several companies in Bermuda and shared the following expose:
According to Offshore Alert, two of Bermuda's new blockchain start-ups are operated by persons who have a proven history of court judgments and liens in the United States. Oscar Garcia, founder and CEO of Uulala, Ltd has multiple judgments against him.
Arbitrade Ltd was also highlighted in the article which claims it's currency is backed by gold; a statement many have claimed is a rather extravagant claim.