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Crypto Exchange Bankrupt After Blockport STO Ends in Utter Disaster

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By CCN: Amsterdam-based cryptocurrency exchange Blockport has declared bankruptcy after its security token offering (STO) flamed out in disastrous fashion. Blockport launched a token sale between April 16 and May 15, in which the crypto exchange sought to raise €5 million ($5.62 million). But it didn’t work out as planned. Crypto Exchange Token Crashes 93% After STO Announcement In a blog post last month, Blockport Founder and Chief of Product Sebastiaan Lichter announced that the project’s STO failed to reach the minimum threshold of €1 million ($1.13 million). In the same announcement, Lichter stated that all token sale participants would

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* First published on ccn.com

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