Key Highlights
- Dutch prosecutors want Knaken declared bankrupt to protect about 30,000 customers who can no longer access their crypto funds.
- Knaken allegedly operated without the required MiCA license, and authorities are concerned that the company is not handling its shutdown in an orderly way.
- A separate criminal investigation is underway as Europe tightens crypto rules following the end of the MiCA transition period on July 1.
Dutch prosecutors are asking a court in Rotterdam to declare cryptocurrency platform Knaken Cryptohandel B.V. and its affiliated Knaken Payments Foundation bankrupt after the exchange left an estimated 30,000 customers locked out of their accounts.
The request, filed by the Dutch Public…