Coin Cloud Files For Bankruptcy After Battling FTX Contagion

Coin Cloud Files For Bankruptcy After Battling FTX Contagion


Bitcoinist
2023-02-09 16:20:59

One of the U.S. and Brazil’s biggest Bitcoin ATM operators, Coin Cloud, filed for Chapter 11 Bankruptcy on Thursday, January 8, after the firm received a severe blow from the crypto winter and the FTX implosion, which left it with millions of dollars in liabilities. Coin Cloud owes about 10,000 creditors but has between $50