A Dutch court has declared crypto platform Knaken bankrupt, forcing an orderly settlement process.
Source
"Dutch Court Declares Knaken Crypto Platform Bankrupt" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The Rotterdam court stated that the company's assets are insufficient to cover user losses, necessitating bankruptcy.