EtherFi Investigates Alleged Credit Card Fraud Concerns

According to Odaily, EtherFi CEO Mike Silagadze has addressed community concerns regarding potential upstream and downstream issues within the company. These concerns arose after reports surfaced of a credit card, which had never been used for any transactions or pre-authorizations, being fraudulently charged. Silagadze stated that the company is actively investigating the matter and is in communication with its credit card partners. He assured that all users affected by fraudulent transactions will receive refunds.