Dutch prosecutors sold the remaining cryptocurrency seized from failed trading platform Knaken for €2.2 million, giving its bankruptcy estate its first known pool of funds for creditor claims.
Summary
- Dutch prosecutors sold Knaken’s remaining cryptocurrency for €2.2 million, creating the bankruptcy estate’s current funds.
- Trustee Carl Hamm contacted approximately 6,300 customers and warned recoveries could remain limited for creditors.
- Customers invested an estimated €10 million to €12 million, according to the court appointed trustee.
- Rotterdam’s court declared Knaken bankrupt July 16 after prosecutors alleged €7 million remained unaccounted…
