The company formerly known as Diginex and later as EQONEX has become a case study in the volatility of the cryptocurrency sector. For remaining shareholders, the central question now is what value, if any, can be recovered from the ongoing wind-down process.
Active exchange trading of the shares was suspended in November 2022, rendering daily price movements irrelevant. The fate of the company now rests with court-appointed judicial managers in Singapore who are overseeing the restructuring and liquidation proceedings. All communication from these administrators regarding the winding up of various subsidiaries serves as the primary indicator for any potential residual value. The decisions made by this Singapore-based management team…