Crypto Card Issuer Wirecard Says It’s Missing $2.1B in ‘German Enron’ Scandal
Wirecard admitted the accounting hole was roughly a quarter of the company’s total balance sheet.
The Chain token gained 33% last month, the top performer among the largest digital assets during a month when bitcoin, ether and XRP all fell.
Card issuer Crypto.com is refunding 100% of customer balances after the U.K. regulator ordered Wirecard Card solutions to cease operations.
Crypto.com saw the total number of users increase by 50% in the past few months, to 3 million people.
Before Wirecard's insolvency filing, Crypto.com and TenX said customer funds were unaffected by their partner's accounting scandal.
Hong Kong-based cryptocurrency platform Crypto.com has revamped its digital exchange, claiming a tenfold increase in performance and throughput.