key takeaways:
- Dasset a cryptocurrency exchange situated in New Zealand, has entered liquidations procedure.
- Dasset customers are temporarily unable to access their funds.
- Dasset’s liquidators are actively engaged in the process of recovering assets from international exchanges.
In an unexpected twist of events, Dasset, a well-established cryptocurrency exchange situated in New Zealand, has recently made a surprising announcement about entering into a state of liquidation. The challenges faced by cryptocurrency enterprises show no sign of abating.
The plight of Auckland-based crypto exchange Dasset further underscores this tumultuous environment. Reports from August 14 shed light on the exchange’s difficulties.
As per the report, several customers have been unsuccessful in their attempts to withdraw their funds, with these issues persisting for months on end. This unfortunate situation has led to growing concern among Dasset’s user base.
These businesses are grappling with a combination of factors, including the prolonged consolidation of major digital assets and the increasing regulatory pressures imposed by financial authorities in the United States and Europe.
Several dozen individuals, each holding assets of up to $40,000 on the platform, are facing a concerning issue. Among them, one individual has been struggling for three months to retrieve her funds, yet without success.
When attempting to access Dasset’s official website, dassetx.com, users are redirected to a notice posted by the legal advisor, Grant Thornton. The legal firm has been appointed as the liquidator by the Dasset management.
In an attempt to address the situation, a user who finds herself unable to access $40,000 worth of funds wrote to Dasset on August 2. Her plea reflects the sentiment of other users as well, who are feeling neglected and disappointed by the lack of communication from the platform.
Several dozen individuals, each holding assets of up to $40,000 on the platform, are facing a concerning issue. Among them, one individual has been struggling for three months to retrieve her funds, yet without success.
This decision appears to have been prompted by banking challenges arising from regulatory pressures in Australia and New Zealand. These pressures have led local banks to refrain from providing services to cryptocurrency-related firms.
