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Knaken Creditors Face Limited Recovery After €2.2M Crypto Sale

Guavy AI Editorial Team
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Dutch prosecutors sold Knaken's remaining cryptocurrency for €2.2 million, creating the bankruptcy estate's current funds.

The sale follows Knaken's bankruptcy on July 16 after prosecutors alleged €7 million was missing from the trading platform.

Trustee Carl Hamm contacted approximately 6,300 customers and warned recoveries could remain limited for creditors. Customers invested an estimated €10 million to €12 million in cryptocurrency positions, certificates, and customer loans, according to the court-appointed trustee.

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