Nuggets News CEO Alex Saunders makes public apology

Alex Saunders, the very public face of the Australian-based Nuggets News, has released a public statement on his twitter account apologising for his behaviour of last year. He promised that everyone he had dealings with has either been repaid, or is in the process of being repaid. It is thought that the influencer owes as much as $7 million.

Alex Saunders disappeared from social media under a cloud late last year after it became apparent, according to Australian media, that he owed a lot of money to various people.

A lawsuit was filed by Ziv Himmelfarb, who had loaned Saunders a great deal of money in the form of 4 BTC, 30 ETH, and $50,000 worth of stablecoins. Himmelfarb won his case given that Saunders did not respond to the action, and the Nuggest News CEO was ordered to pay all Himmelfarb’s losses, interest, and costs, which amounted to nearly $500,000.

Since the news of his debts broke, Saunders completely disappeared from all social media channels. However, he has just posted a public statement on his Twitter account, which includes an explanation, in his view, of what actually happened.

Richard Heart, the CEO of Hex, posted a conversation he had had with Alex Saunders. The messaging to and fro showed that Saunders had asked Heart for a 20 BTC investment. Heart said on his Twitter:

“I’ve never shared a conversation publicly before, but I feel I have to here. @AlexSaundersAU. Alex begged me for a 50 BTC loan. Then tried to sell me a “pre allocation” in a token. Then tried to sell me on just giving him money to talk. I feel this may represent most paid groups.”

In defending his behaviour, Saunders said in his Twitter statement that he had suffered a back injury in 2016 and that he had been on high-dose opiates to manage the pain. This had led to him suffering poor mental health, depression, and suicidal tendencies.

He said that his hiatus away from all social media had allowed him to get off the opiates, recover his mental health, and “fix the mess” that had been caused.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.