Loan to buy crypto
Hi everyone, I just have a question because I'm getting mixed answers online.
My query is, I got 2 separate loans from different banks approximately 7 years ago, and told the bank they were car loans, 30,000 usd between the 2 loans, but I used the money to invest into crypto.
Now I want to be compliant with exchange and show transpancy on my holdings, I will have to show where I got the money I used to invest and from what I read the exchange may ask for loan agreements to prove the initial invest came from a legit source but where I'm not is..
If I show them the contracts that state the loans were car loans so I might have breached the contract by using the funds to invest and I'm getting mixed answers that an exchange auditing my documents might close my account due to me breaching my loan agreement and using the funds against the banks will.
Has anyone dealt with a situation like this ?