Monday, 25 November 2019
After a petition by its own staff, an Israeli firm that runs a heavily-hyped cryptocurrency exchange is reportedly shutting down. The parent company of DX.Exchange, which traded asset-backed tokenized shares of Nasdaq listed companies, is entering bankruptcy after 78 of its staff petitioned to an Israeli court to “wind it up,” The Times of Israel reports. The petition, dated October 24, alleges that an Israeli company called CX Technologies Ltd. is behind DX.Exchange, rather than an Estonian firm as listed on the exchange‘s website. Furthermore, the petition claims that employee salaries for September and October were not paid. Some suppliers…
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