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UK Financial Conduct Authority (FCA) on Friday suspended the license of Wirecard Card Solutions (WCS), a unit of troubled Wirecard AG, which is responsible for issuing Visa cryptocurrency debit cards. It means some users of cards such as Crypto.com’s Mco visa debit card and Tenx’s visa debit card may not be able to access their […]
The post Wirecard: Crypto Card Users’ Funds Locked as UK Regulator Suspends Subsidiary appeared first on Bitcoin News.
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Scandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2.1 billion – but customer funds appear to be safe, for now. The news comes just two days after former chief executive officer Markus Braun was arrested by German police on allegations of falsifying accounts and market manipulation. […]
The post Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds Safe appeared first on Bitcoin News.
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Wirecard chief executive officer quit as the crypto card payments firm revealed that the €1.9 billion ($2.1 billion) missing from its accounts may not exist. CEO Markus Braun resigned on June 19, after nearly 20 years at the helm. James Freis has been appointed interim chief executive, the German company said on Friday. Wirecard said […]
The post Wirecard CEO Quits as Crypto Card Firm Reveals Missing $2.1 Billion Does Not Exist appeared first on Bitcoin News.
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About 1.9 billion euros ($2.13 billion) worth of cash is missing from one of Wirecard’s trust accounts and the crypto debit card provider cannot as yet account for the money, the company reported on Thursday. In a statement, the major German payment processor blamed “spurious” cash balances provided by a third party with the aim […]
The post Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62% appeared first on Bitcoin News.
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