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Operator of defunct Tokenize Xchange ‘heavily insolvent’ with S$267 million in liabilities

Teona Gherasim

Court-appointed interim judicial managers have proposed that AmazingTech be wound up as it is “unable to pay its debts” and is “no longer viable” amid an ongoing police probe. SINGAPORE: AmazingTech, the company behind troubled cryptocurrency trading platform Tokenize Xchange , is “heavily insolvent” with about S$267 million (US$208 million) in liabilities, said its court-appointed interim judicial managers (IJMs). Almost all of it – S$266.3 million, or 99 per cent – is owed to customers of the

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Operator of defunct Tokenize Xchange ‘heavily insolvent’ with S$267 million in liabilities https://www.channelnewsasia.com/ - 07:28
Operator of defunct Tokenize Xchange ‘heavily insolvent’ with S$267 million in liabilities https://www.channelnewsasia.com - 07:28
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