Cryptocurrency exchange Blockport goes bankrupt after failed STO

Cryptocurrency exchange Blockport goes bankrupt after failed STO
фото показано с : thenextweb.com

2019-6-4 13:21

An Amsterdam-based cryptocurrency exchange is facing an uncertain future. Blockport has declared bankruptcy after its security token offering (STO) failed to meet its minimum expectations last month.

Blockport’s STO failed to reach its soft cap of €1 million ($1. 13 million) in May. Shortly after, the company filed for and was declared bankrupt, according to recently found bankruptcy records. “Since our first equity fundraising (STO) round was unsuccessful, we can’t uphold our planned growth trajectory and therefore have to significantly scale down our operations and team,” Blockport founder Sebastiaan Lichter told Hard Fork. The Blockport STO launched on April 16 and…

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Фото:

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