Tens of thousands of Australianinvestors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration.
Key points:
- Brisbane-based cryptocurrency broker Digital Surge has gone into voluntary administration
- The company is proposing a “rescue plan” but this would need to be approved by its 30,000 creditors and administrators
- Mum and dad investors are facing losses in the hundreds of thousands on their superannuation and savings
Digital Surge froze the trading accounts of its 30,000 clients last month.This means people with money in the brokercannotaccesstheir funds.
Now, a month later, the Brisbane-based cryptocurrency broker has entered voluntary administration…
Read the full article at: https://www.abc.net.au/news/2022-12-09/digital-surge-administration-ftx-cryptocurrency-savings-super/101753514