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Wirecard: Crypto Card Users’ Funds Locked as UK Regulator Suspends Subsidiary
27.6.2020
UK Financial Conduct Authority (FCA) on Friday suspended the license of Wirecard Card Solutions (WCS), a unit of troubled Wirecard AG, which is responsible for issuing Visa cryptocurrency debit cards. It means some users of cards such as Crypto.com’s Mco visa debit card and Tenx’s visa...
Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds Safe
25.6.2020
Scandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2.1 billion – but customer funds appear to be safe, for now. The news comes just two days after former chief executive officer Markus Braun was arrested by German police on allegations...
Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%
19.6.2020
About 1.9 billion euros ($2.13 billion) worth of cash is missing from one of Wirecard’s trust accounts and the crypto debit card provider cannot as yet account for the money, the company reported on Thursday. In a statement, the major German payment processor blamed “spurious”...