Dutch Crypto Exchange Knaken Bankrupt as €7M in Funds Goes Missing
Prosecutors said about 30,000 customers were affected after Knaken and its deposit foundation lacked enough capital to repay missing funds.
10 Articles
10 Articles
Knaken Has Been Declared Bankrupt. Investigators Say €7 Million Is Missing.
Dutch cryptocurrency platform Knaken has been declared bankrupt by a court in Rotterdam after prosecutors said approximately €7 million ($8.1 million) in customer funds could not be accounted for.
The court in Rotterdam declared crypto platform Knaken bankrupt on Thursday. The Public Prosecution Service (OM) had filed for bankruptcy at the end of June…
The court in Rotterdam has declared crypto platform Knaken bankrupt. The Public Prosecution Service (OM) had filed for bankruptcy in late June following signals from the Dutch Authority for the Financial Markets (AFM) regarding a ‘very worrying situation’ at the crypto services provider. The OM previously launched a criminal investigation because, according to them, 7 million euros in funds belonging to Knaken customers are missing.
The District Court in Rotterdam has declared the company bankrupt at the request of the Public Prosecution Service.
The court in Rotterdam has declared crypto platform Knaken bankrupt. The Public Prosecution Service (OM) had filed for bankruptcy in late June following signals from the Dutch Authority for the Financial Markets (AFM) regarding a "very worrying situation" at the crypto services provider. The OM previously launched a criminal investigation because, according to them, 7 million euros in funds belonging to Knaken customers are missing.
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