After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report
Cointelegraph
Published Jan 11, 2019 02:39PM ET
Updated Jan 11, 2019 03:21PM ET
After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report
The board of directors of cryptocurrency and e-commerce startup Zwoop reportedly filed for administration at the end of November last year. The news was revealed in an exclusive article by major United Kingdom-based newspaper The Telegraph, Jan. 11.
According to anonymous sources cited in a report by tech news outlet The Next Web, this move has left employees and suppliers of the company with unpaid wages and bills. Namely, the company allegedly owes one London-based marketing agency £42,000 (about $53,858) and a public relations firm £30,000 (about $38,470).
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Written By: Cointelegraph
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