Bangladesh, Dec. 6 -- The legal and regulatory storm surrounding Lithuanian fintech start-up Bankera has intensified, exposing a tangled web of offshore banking, questionable fund movements, and investor betrayal. Following revelations by the OCCRP and Lithuanian outlet 15min, authorities in both Lithuania and Vanuatu are now moving sharply against the companys founders, whose financial activities from 2018 have resurfaced with serious consequences. As investigators track millions in diverted cryptocurrency proceeds and courts deliberate the future of a now-embattled Pacific bank, the Bankera saga is rapidly becoming one of the most significant financial scandals linked to Europes early crypto boom.

Bankera entered the digital finance sc...