Source: International Business Times
The collapse marks one of the Netherlands' most significant crypto failures in recent years and comes as European regulators tighten oversight of digital asset companies under the European Union's Markets in Crypto-Assets (MiCA) framework. PiggyBank/Unsplash Dutch cryptocurrency platform Knaken has been declared bankrupt by a court in Rotterdam after prosecutors said approximately €7 million ($8. 1 million) in customer funds could not be accounted for, leaving tens of thousands of users unable to access their accounts.
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