Estonian Crypto Exchange Coinmetro Applies for Bankruptcy Reorganization

CoinFeed July 1 news, according to Protos report, Estonian cryptocurrency exchange Coinmetro has applied to an Estonian court for bankruptcy reorganization, citing financial deterioration due to "years of failures by a financial service provider," but did not disclose the specific partner name. Coinmetro suspended user registration, deposits, and withdrawals on June 22. CEO Kevin Murcko stated in a YouTube live stream that multiple service providers were actually involved, and the company has conducted years of internal investigation, which contradicts the statement of "only one" in the announcement. He also said that he originally thought the balance sheet was sufficiently robust, but as the July 1 MiCA compliance deadline approaches, this issue became significant.