Knaken Bankruptcy Exposes $7M Crypto Loss | Amsterdam News

Knaken, a Dutch crypto trading platform, has been declared bankrupt after a court in Rotterdam found seven million euros in customer funds vanished without explanation — a shocking collapse that left users blindsided and with no recourse as the platform shut down abruptly in June. Despite attempts to argue for alternative legal remedies, the judge ruled bankruptcy was necessary for public interest, since there wasn’t enough money left to repay anyone. With no clear path to recover lost investments, customers are left facing a long, uncertain road ahead. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/41ea0957cf4c0de8