Brisbane fintech Digital Surge is the latest cryptocurrency exchange to be placed in voluntary administration in the wake of the collapse of US exchange.
Scott Langdon, John Mouawad and David Johnstone from KordaMentha Restructuring were appointed voluntary administrators on Thursday, after the fintechs directors made the decision to put the business in VA on Wednesday.
Digital Surge was founded in 2017 by Dan Rutter and Josh Lehman. The pair are reportedly hoping to injection their own cash into a deed of company arrangement (DOCA) to save the business from bankruptcy and refund customers.
The exchange has around 30,000 Australian customers and offers access to more than 300 cryptocurrencies. It had been using the US exchange FTX it l…
Read the full article at: https://www.startupdaily.net/topic/cryptocurrency/brisbane-fintech-digital-surge-is-the-latest-cryptocurrency-exchange-in-voluntary-administration/