its collapse in June, according to speculations from German prosecutors. ” data-reactid=”19″>German fintech company Wirecard was allegedly looted before its collapse in June, according to speculations from German prosecutors.
news report on Friday. ” data-reactid=”20″>Even though the payments group denied claims of deception at the time, around $1 billion was moved to unclear partners, the Financial Times said in its news report on Friday.
reported. At the time, the company was examining whether insolvency proceedings needed to be filed for its two subsidiaries: Wirecard Card Solutions and Wirecard Singapore. Both subsidiaries issue crypto Visa debit cards for corporations such as Crypto.com and TenX. The two companies told The Block at the time that their performance remained unaffected by the case. ” data-reactid=”27″>Braun has rejected any act of alleged wrongdoing. Those arrested in the case last month, apart from Braun, were three former executives.
In June, Wirecard filed for insolvency after $2 billion went missing as The Block reported. At the time, the company was examining whether insolvency proceedings needed to be filed for its two subsidiaries: Wirecard Card Solutions and Wirecard Singapore. Both subsidiaries issue crypto Visa debit cards for corporations such as Crypto.com and TenX. The two companies told The Block at the time that their performance remained unaffected by the case.
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