Report Claims Revolut Obligates Customer to Bear Loss of $1,500 in Cryptocurrency Following Ambiguous Deposit Directives

Financial technology company Revolut allegedly denied reimbursement to a client who suffered crypto asset losses owing to an administrative blunder.

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2025 April 27 . 3:53 PM

3 min read

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Report Claims Revolut Obligates Customer to Bear Loss of $1,500 in Cryptocurrency Following Ambiguous Deposit Directives

Hey there, crypto enthusiasts! Today, we're diving into some hot topics in the world of cryptocurrencies. Get ready to discuss everything from Revolut's refund policy to the latest industry announcements. Buckle up!

Crypto Confusion: Revolut's Refusal to Reimburse Customers

In an unlikely turn of events, a customer, Tzoni Raykov, has been left high and dry by Revolut after losing crypto assets due to an administrative error. Here's what happened:

Raykov, a Bulgarian national, tried transferring $1,500 worth of the stablecoin USDC from another crypto wallet to his Revolut account.
He made a mistake when selecting the "Polygon (bridged)" network for the transfer, converting the stablecoin to its bridged version, USDC.e. Revolut received the bridged USDC but didn't accept the asset.
The $1,500 worth of USDC hasn't appeared in Raykov's account or been sent back to him.
Revolut told BBC that, due to the technical challenges involved in supporting every combination of token and chain, the recovery of unsupported assets is not within their scope.
Raykov, an oil engineer, believes that Revolut's deposit instructions weren't specific enough and that the company is waiting for him to give up on his money.

Stay tuned for more updates on this case and others as we navigate the ever-evolving world of cryptos!

Industry Announcements

Richard Heart Triumphs in Court After SEC Case Dismissed in Full: Anything but ordinary, Richard Heart has managed to win his court case against the SEC. Find out how he did it!
Huma Surpasses $4 Billion in Transactions Just Two Weeks After Launching 2.0 on Solana: The rapid growth of Huma continues as it pushes past the $4 billion mark. Discover the secrets to their success!
Whale.io Sets Sail for Token2049 Dubai as Wristband Sponsor, Gearing Up for WHALE Token Launch: As preparations for Token2049 Dubai heat up, Whale.io is making waves by sponsoring wristbands and gearing up for the WHALE token launch. Stay glued for more updates!

Crypto Market Updates

Keep up with the latest news, trends, and price updates in the world of cryptos. And don't forget to join our vibrant crypto community on Telegram, Facebook, and X! See you there!

Disclaimer

Remember, the information presented in this article is for educational purposes only. Investing in Bitcoin, cryptocurrencies, or digital assets involves significant risk and is not suitable for everyone. Always do your due diligence and consult a financial advisor before making any high-risk investments.

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The cryptocurrency world witnessed a surprising event recently, as a customer named Tzoni Raykov lost his crypto assets due to an administrative error by Revolut, and the company has refused to reimburse him.
Despite the confusion, Raykov believes that Revolut's deposit instructions weren't specific enough and that the company is waiting for him to give up on his money.
In another industry development, Richard Heart has triumphantly won his court case against the SEC, demonstrating successful maneuvering of the complex regulatory landscape.
As the cryptocurrency market continues to evolve, investors should remember to always do their due diligence and consult a financial advisor before making high-risk investments, as the results may be unpredictable and involve significant risk, despite the allure of altcoins like Huma and Ethereum.