Dutch prosecutors seek bankruptcy of unlicensed crypto platform Knaken after shutdown froze customer funds
first published 2026-06-30T15:50:32Z
Dutch prosecutors asked a Rotterdam court to declare crypto platform Knaken bankrupt in the public interest after it went offline in early June, leaving an estimated 30,000 customers unable to access funds. Knaken allegedly operated without the required AFM license, and FIOD carried out searches and seizures as part of a criminal investigation, with no arrests reported.
AI Analysis
The platform went offline, customer funds are frozen, and prosecutors are seeking bankruptcy after alleged unlicensed operation and a criminal investigation. These are direct negative developments for users and the platform’s viability.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
