Blockport, a cryptocurrency exchange based in the Netherlands, has been been forced to close due to lack of operating capital, but it's vowed to return.
In the post, co-founder and chief product officer Sebastiaan Lichter said that following the exchange's failed security token offering – which had a €1 million ($1.12 million) soft cap – "we have decided to drastically scale down our operations and development."
As the exchange currently cannot generate sufficient revenues, he said the focus is now on "expanding the platform with unique and value-adding technological features, that strengthen our business case for a potential future restart."
While the operating entity is now bankrupt, Lichter said this would not affect its efforts to prepare for a "restart" of the platform.
Customers were given prior warning to withdraw any remaining funds, and according to the post, can still withdraw by emailing support.
Amsterdam image via Shutterstock
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