Dutch prosecutors have filed a request to declare crypto platform Knaken bankrupt

Odaily reported that the Dutch Public Prosecution Service has requested the Rotterdam District Court to declare the crypto platform Knaken Cryptohandel and its affiliated entity Stichting Knaken Payments bankrupt, citing "public interest" grounds. Knaken has been offline since early June, leaving approximately 30,000 customers unable to access their funds.

Knaken previously allowed users to exchange euros for cryptocurrencies such as Bitcoin and Ethereum, and offered services for trading and storing digital assets. Under EU crypto regulations, such activities require a license from the Dutch market regulator AFM, but Knaken did not obtain the necessary permits. Separately, a criminal investigation initiated by the Fiscal Information and Investigation Service is ongoing. Investigators searched relevant premises on Monday, seizing laptops, mobile phones, and company assets. No arrests have been made so far. (Decrypt)