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Knaken Crypto Sales Yield €2.2 Million for Creditors Amid Financial Scandal

Guavy AI Editorial Team
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The Dutch Public Prosecution Service has sold the remaining cryptocurrency held by the bankrupt crypto platform Knaken, generating €2.2 million that will go toward paying creditors.

Rotterdam trustee Carl Hamm appointed after the company’s collapse estimated that customers invested between €10 million and €12 million through Knaken.

Hamm said it appears Knaken did not actually invest all the money that customers believed was going into cryptocurrency, creating a large shortfall.

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