Australian crypto trading platform myCryptoWallet collapses, founder Jaryd ...

Australian crypto trading platform myCryptoWallet collapses, founder Jaryd ...
Australian crypto trading platform myCryptoWallet collapses, founder Jaryd ...
Chaos as Australia's highest profile crypto trading platform COLLAPSES with furious users left owing tens of thousands of dollars Cryptocurrency trading platform myCryptoWallet liquidated with users owed Founder Jaryd Koenigsmann has not spoken about company's ongoing dramas Users have complained about myCryptoWallet since 2019

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A high-profile cryptocurrency trading platform has collapsed leaving hundreds of users furious over losses incurred when it failed to return their funds.

The exchange myCryptoWallet, run from Melbourne, was been placed in liquidation and its tattooed founder Jaryd Koenigsmann remains silent about the company's long-running dramas.

It was launched in 2017, functioning as a digital marketplace to buy and sell cryptocurrency, but was under investigation by the Australian Securities and Investments Commission after complaints from users began in 2019.

The collapse of the company, which launched with multiple media appearances by Mr Koenigsmann, has caused further concern about the state of the crypto market.

Customers of myCryptoWallet began complaining publicly of difficulties withdrawing from the exchange and that they could not trade due to authentication and website issues.

It suspended services twice in 2019 following reported losses, including halting its myCryptoCard program

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