of the USA Nasdaqcrypto company listed on the stock exchange Eqonexwill seek judicial management protection, citing a cash crunch.
FTXThe bankruptcy of the stock market and the turbulent effects of the cryptocurrency market have put many corporate companies in trouble. Liquidity and companies starting to experience asset troubles are looking for ways to survive. Many corporate companies FTX He started preparations for bankruptcy, citing his collapse. In addition, companies had to stop withdrawals or payment instrument services. In the crypto money market, which has been in a downward trend for months, negative news has started to come from Eqonex.
Eqonex Enters Court Process
Singapore-based crypto company Eqonex became one of the first publicly traded crypto exchange operators. The company went through tough processes after going public. Specifically, last year’s CEO Richard Byworth He changed it to draw attention. In addition, the company closed the crypto exchange and announced that it will provide asset management services.
Struggling with difficult processes, the company was also affected by the recent events. The company’s Hong Kongunits, Diginex Ltdand Eqonex Capital Pte Ltdentered the process of voluntary liquidation.
In the statement released, the company stated that the court application was made under the provisions of bankruptcy, restructuring and liquidation. Company, “Unfortunately, despite the best efforts of the group, the negotiations were not successful”said.
According to the application, Nasdaqin the list Eqonex Group It was reported that ‘s could not close a short-term fund deficit. Therefore, the company applied for judicial management to the Singapore high court.
