When a crypto platform goes dark and locks users out of their own accounts, the legal machinery rarely moves fast enough to matter. In the case of Knaken Cryptohandel BV, a Rotterdam-based cryptocurrency exchange, it moved — and what it found was a grim picture. A Dutch court has declared the company and its affiliated foundation bankrupt after 7 million euros in customer assets went missing, leaving an unknown number of users with little information about whether they will ever see their money again.
Key takeaways
- A Dutch court declared Knaken Cryptohandel BV and its affiliated foundation bankrupt following the disappearance of 7 million euros in customer assets.
- The Dutch Public Prosecution Service filed the bankruptcy petition on…