Episode Details

Dutch crypto exchange Knaken has collapsed into bankruptcy, leaving 30,000 customers with roughly seven million euros in vanished funds. The public prosecution launched a criminal probe in June, raiding offices and seizing assets as the platform went dark a month ago. Despite a supposed safety net—a foundation meant to protect customer money—no payouts were ever made, and the court now confirms both Knaken and the foundation are bankrupt. Once a major sponsor of soccer teams and launched in 2017, the exchange failed to secure required European licenses, sealing its fate.

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