New Zealand-based Crypto Exchange Dasset Goes into Liquidation, Denies Customer Access to Funds
New Zealand-based cryptocurrency exchange Dasset has recently gone into liquidation, leaving its customers unable to access their funds. The exchange’s official website now redirects to a notice from legal advisor Grant Thornton, who has been appointed as the liquidator. The process of securing the assets is complex and involves third parties and various types of digital assets, making it uncertain if customers will recover their funds.
Key Points:
- Dasset has appointed Grant Thornton as its liquidator.
- Liquidators are working to recover assets from offshore exchanges.
- Customers are left in the dark as Dasset has not communicated updates about the liquidation.
- A user claims to have been locked out of their account for over three months.
- Along with Dasset, crypto custodian Prime Trust has also filed for bankruptcy.
Hot Take:
The recent liquidation of Dasset and the bankruptcy filing of Prime Trust highlight the risks and challenges faced by cryptocurrency exchanges and custodians. These incidents serve as a reminder for crypto users to exercise caution and thoroughly research the platforms they entrust with their funds. It also emphasizes the importance of regulatory oversight in the crypto industry to protect users from such situations.
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