A Dutch court has declared the Knaken crypto exchange bankrupt after prosecutors claimed it failed to account for over $8 million in customer funds. Knaken was declared bankrupt on July 16th, having previously sponsored Ajax and Feyenoord.
The Rotterdam court declared both Knaken Cryptohandel B.V. and its client-fund foundation bankrupt. The prosecutors determined that over $8 million in client funds belonging to more than 30,000 customers had disappeared without explanation. Knaken had already closed down earlier this month, and Dutch authorities had raided the premises to confiscate assets.
Dutch authorities point out suspicious activities at Knaken
Dutch authorities flagged suspicious activities at Knaken earlier last month. The…