Investment
Features
FeesSafety
Academy
More
Pluang+

Radiant World faces losses as major traders and banks cut ties over invoice fraud claims

Market News
27 Aug 2026
Crypto Briefing
View Source
Bearish
Radiant World faces losses as major traders and banks cut ties over invoice fraud claims

Radiant World, a Singapore-based iron ore trading firm claiming $9.6 billion in revenue, is losing key partners after allegations of invalid invoices surfaced. Major commodity traders like Vitol, Cargill, and Glencore stopped business with Radiant, triggering banks such as Deutsche Bank and KBC to freeze accounts and suspend credit lines. Mining giants Rio Tinto and Vale also removed Radiant from approved customer lists. The fallout includes creditor claims doubling, insolvency proceedings by Mizuho, police investigations, and staff layoffs, highlighting risks in trade finance reliant on trustworthy documentation.

More News

ZenaTech launches AI-powered smart safety glasses Stacklens for field technicians, with pilots in 2027.

ZenaTech launches AI-powered smart safety glasses Stacklens for field technicians, with pilots in 2027.

ZenaTech introduced Stacklens™, AI-powered smart safety glasses designed for field technicians and industrial workers, integrating hands-free AI assistance, real-time video support, and thermal imaging. The glasses aim to improve efficiency by allowi...

Market News
Bullish
3 hours ago
Polkadot (DOT) price surges amid broad altcoin buying, no specific catalyst confirmed

Polkadot (DOT) price surges amid broad altcoin buying, no specific catalyst confirmed

Polkadot (DOT) experienced a notable price surge on October 10, 2026, driven by broad market factors rather than any confirmed project-specific news. The rally appears linked to increased risk appetite, short-covering, and technical breakouts common ...

Market News
Bullish
4 hours ago
Two biotechs and other firms priced IPOs amid cautious market, with more biotechs lined up next week.

Two biotechs and other firms priced IPOs amid cautious market, with more biotechs lined up next week.

Last week saw two biotech companies successfully price their IPOs, alongside a billion-dollar data center developer, an emerging markets fintech, and a dental treatment company. Despite market caution limiting some IPO activity, biotechs remain activ...

Market News
Bullish
4 hours ago
XRP Ledger fixes flaw that could have let attackers create unlimited XRP tokens.

XRP Ledger fixes flaw that could have let attackers create unlimited XRP tokens.

The XRP Ledger patched a critical vulnerability in its payment engine that could have allowed attackers to create and spend XRP beyond the network's 100 billion token supply. The flaw, present in versions 3.4.0 and earlier, was fixed in version 3.4.1...

Protocol Fundamentals
Neutral
4 hours ago
XRP Ledger fixed a 2015 bug that could have created billions of XRP from nothing.

XRP Ledger fixed a 2015 bug that could have created billions of XRP from nothing.

A decade-old bug in the XRP Ledger's payment system could have allowed attackers to create and spend new XRP tokens without funding them, violating the fixed supply of 100 billion XRP. The vulnerability involved a counting error in the ledger's built...

Protocol Fundamentals
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App