Overstock-backed blockchain banking platform Bankorus has no funds

According to media cointelegraph, on October 6, Sonic Zhang, the largest shareholder of Bankorus, a blockchain banking platform supported by Overstock, said in a statement that Bankorus had no funds and employees had resigned. As a donor who donated more than $1 million to Bankorus, Sonic Zhang said that Bankorus cash has been warned because of the second round of investor divestment, while Overstock's STO platform tZero previously provided funding to help Bankorus transition to STO products. Tokens do not preserve wealth. What Bankorus currently has is only a $1 million investment in the Lithuanian Rato Credit Union.