A company gathered with bitcoin and cash exchange equipment Bankruptcy Kagoshima November 26 17:42
The company in Kagoshima City, which had gathered members to spread the equipment for exchanging bit coins and cash of crypto assets, which was called virtual currency, nationwide, got stuck and was unable to pay the members' compensation By the 26th, we have received the decision to start bankruptcy proceedings from the Tokyo District Court.
The decision to start bankruptcy procedures was received by “Bitmaster”, which has an office in Kagoshima City.
According to the trustee's lawyer, this company gathered members who invested in funding by holding seminars in various places such as “Dissemination of cryptocurrency bitcoin and cash exchange equipment nationwide” for two years ago. If you find a store or a new member who wants to set up a company, you pay a bitcoin.
However, the company said, “Because the price of Bitcoin has risen, it has become impossible to procure Bitcoin necessary for payment of remuneration with the funds on hand, making it impossible to raise funds,” and “Registration of cryptographic asset exchange companies necessary for business is also obtained. “I was unable to do so, and my business was stuck.”
The total debt is about 10.9 billion yen.
According to the trustee's lawyer, the company has approximately 22,000 members and plans to hold a creditors meeting in Tokyo on May 20 next year.