Coin Cloud crypto ATM operator is now in Chapter 11.
Cash Cloud, the operator of Coin Cloud digital currency automatic teller machines in the United States and Brazil, filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the District of Nevada on Feb. 7.liabilities between $100 million and $500 million, with between 5,001 and 10,000 creditors and assets between $50 million and $100 million.
Cash Cloud’s biggest creditor is Genesis Global Trading, the brokerage subsidiary business of Digital Currency Group’s bankrupt lending arm. It has an unsecured claim of over $108 million from Genesis, far outstripping the next largest claimant, which is owed over $8 million.on Nov.
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