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They don't appear to be using official auditors, and have not mentioned bankruptcy as one of their current options. The current speculation is that they will c
by TwoFactor 10y ago
They don't appear to be using official auditors, and have not mentioned bankruptcy as one of their current options.
The current speculation is that they will continue operating, and issue coins that either represents equity or debt in the company to compensate customers.
- vec 10y agoI can't help but enjoy a little schadenfreude here. It sucks that largely innocent investors are going to get shafted, but if you create an entire alternate currency ecosystem specifically to escape regulation, central control, and third-party involvement in trades, you can't really be surprised if, when something eventually and inevitably goes wrong, there's no regulations, no central authority to appeal to, and no third party who can help untangle it.