The world’s second-largest crypto ATM operator Coin Cloud has reportedly filed Chapter 11 bankruptcy in US Bankruptcy Court for the District of Nevada. Chris McAlary, Coin Cloud founder, CEO and president said the company had the support of its largest creditors and would remain operational for their go-forward hosts and customers. According to the filing on 7 February, the company has liabilities between $100 million and $500 million and assets between $50 million and $100 million. Genesis Global Capital is the company’s largest creditor among its 5,001 and 10,000 creditors, which has unsecured claims of over $108 million.
Source: https://cointelegraph.com
