Liquidators have been called in to wind up another prominent Australian crypto trading platform, with furious customers reportedly down thousands of dollars after being unable to access their accounts.
Melbourne-based myCryptoWallet – which once boasted it had 20,000 customers – called in administrators on Friday to close the book on a troubled existence that featured tech setbacks and a period of inactivity following a dispute with major bank NAB.
ASIC documents show myCryptoWallet and its 28-year-old founder Jaryd Koenigsmann appointed Brisbane liquidators SV Partners to wind the company up on Friday, making it the second crypto company in two months to fail.
Another Melbourne company, Blockchain Global, collapsed in October owing investors a reported $21m.
The Australian reported on Tuesday that irate myCryptoWallet customers were unable to access their funds, with some taking to social media platforms claiming a $40,000 loss.
Sorry guys! You will probably not recover your funds! Try your luck with another exchange!