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Bitcoin Lenders Take the Money and Run During Crypto Crash

Photo Illustration by Kelly Caminero/The Daily Beast Lend us your money and you’ll have the chance to win $1,000,000, the cryptocurrency company Davor Coin promised users on Jan. 31. Optimists poured cash into the platform, but a week later all anyone had was a cease-and-desist letter from the state of Texas. As cryptocurrency values skyrocketed in the final months of 2017, some enthusiasts took out loans to buy the digital money.
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