Alex Saunders Publicly Apologizes and Claims to Settle Crypto Deals

Months after a storm of controversy, Nuggets News founder and crypto influencer Alex Saunders issued a public apology for last year’s controversies and the way he’s handled things.

Back in 2021, Saunders faced a string of allegations that he failed to pay off loans and mutual funds. Those affected claimed that Saunders owed them bitcoin (BTC). This forced Australian media outlets to conduct investigations and conclude that the influencer owes up to $7 million.

The CEO of Nuggets News faced a $350,000 lawsuit filed by Ziv Himmelfarb seeking damages from unpaid loans. Himmelfarb said he invested 4 BTC, 30 Ether (ETH) and $50,000 worth of stablecoins. Because Saunders did not respond, a default judgment was entered, ordering Saunders to pay the investor’s losses.

Aside from that, the influencer also came under criticism for a failed launch of a Decentraland-based project. The crypto influencer had raised funds for a virtual headquarters on the Decentraland platform. However, it was later revealed that Saunders had not paid for the studio tasked with building the virtual headquarters.

After a long hiatus, the founder of Nuggets News made a public statement Twitter claims that he has paid off most of his debts and is in the process of paying off the others. The influencer admitted that he “wasn’t thinking clearly and was handling things poorly.” He said:

“Everyone I have dealt with in the crypto space has now been contacted and has either been repaid or is in the process of being repaid.”

Related: Shopify faces another lawsuit from crypto holders alleging ledger data breach

Despite the apology, not everyone believes in Saunders’ recent announcement. In one of the replies, Twitter user Jexxa said he thought this was a “cop out” and that Saunders knew what he was doing to his “trusted followers.”

While I feel for everyone with mental health issues, this is just an excuse. You knew very well what you were doing to your trusted followers and their funds. Penultimate paragraph, straight back to the shilling… things never change.

— Jexxa – take care of your own keys (@j_jexxa) April 22, 2022