Inside Swyftx’s chaotic crypto resurgence — Capital Brief
Brisbane-based cryptocurrency exchange Swyftx has quietly swung back to profitability off the back off a surge in trading revenue. But the company has also disclosed multi-million dollar loans with its own founders, struck in the wake of a collapsed merger with Superhero and during the depths of the ‘crypto winter’.
The fintech posted a $32.4 million profit last financial year as trading revenues doubled from the year prior, new financial statements lodged with the corporate regulator show.
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