Deep Tide TechFlow news: On July 17, according to Cointelegraph, the Rotterdam District Court in the Netherlands announced the bankruptcy of the cryptocurrency platform Knaken Cryptohandel BV and its associated foundation. The reason was that after the platform and account access were frozen, the company no longer had sufficient assets to fully repay users. Prosecutors said about €7 million in client assets went missing and have launched a criminal investigation. The court stated that the bankruptcy proceedings will be used to facilitate an orderly liquidation, while also noting that users currently lack enough information to assess their legal situation.



Knaken previously stopped operating in early June and does not appear in the register of crypto-asset service providers authorized by the Netherlands Authority for the Financial Markets (AFM).
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