Episode Details

Dutch crypto exchange Knaken is facing bankruptcy after abruptly locking users out of their funds, sparking a public interest-driven legal move to protect investors. Operating without the required EU license, the platform now faces court-ordered winding down, with a trustee set to manage asset distribution. A parallel criminal investigation is underway, with assets seized but no arrests yet. Once a major sponsor of Ajax and Feyenoord, Knaken admitted last year it was financially vulnerable — and now, its crypto dreams are crumbling.

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