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Bitvavo’s CEO, Mark Nuvelstijn, says that the Dutch cryptocurrency trade doesn’t have sufficient monetary sources to guard prospects if Digital Forex Group doesn’t repay a mortgage of 280 million euros. The founders should due to this fact assist themselves.
Financie Dagblad reviews that Nuvelstijn and two co-founders have to assist themselves financially so as to shield Bitvavo prospects. As well as, they are able to declare a mortgage from banks. Bitvavo initially said that the corporate had enough monetary sources to pay again doubtlessly duped prospects. Now it seems that there’s a hole of about 180 million euros.
The 2021 annual accounts, within the palms of FD, present that Nuvelstijn and co-founders Jelle de Boer and Tim Baardse acquired a complete of 110 million euros in dividends in 2021. They reportedly transferred about 95 million euros to Bitvavo’s firm account and dedicated to switch extra money to shut the hole.
Bitvavo promised final week that ‘prospects usually are not affected by the liquidity issues at DCG’. The corporate has positioned 280 million euros price of cryptocurrencies with DCG. He’s at the moment unable to repay the repayments. The cryptocurrency trade beforehand said that Digital Forex Group would repay the loaned quantity sooner or later. Bitvavo says to FD that it nonetheless has confidence within the monetary companion.
