Coinbase-Backed Exchange to Redistribute Seized Venezuelan Funds By Cointelegraph

Coinbase-Backed Exchange to Redistribute Seized Venezuelan Funds By Cointelegraph


Coinbase-Backed Exchange to Redistribute Seized Venezuelan Funds

Latin American crypto exchange Airtm has been appointed to redistribute $18 million seized by U.S. authorities to 62,000 healthcare workers. These funds were taken in relation to a corruption case involving Nicolas Maduro, the president of Venezuela.

According to Matt Ahlborg, data scientist at UsefulTulips, Coinbase-backed Airtm is well-known for being a censorship-resistant P2P exchange. He noted that Venezuelan users have long accounted for a significant part of Airtm’s customer database.

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