Due to the bankruptcy of Swiss bank FlowBank, Anchored Coins has stopped accepting new customers and withdrawing stablecoins, putting 63 million euros of AEUR stablecoins at risk. FlowBank's bankruptcy affected some of Anchored Coins' reserve funds stored in the bank, which may affect the 1:1 redemption ability of AEUR coin holders, resulting in losses. In addition, the stablecoin was suspended from trading in Binance due to abnormal price fluctuations in the early days of its launch.
Key Points
- Anchored Coins stopped accepting customers and withdrawing stablecoin AEUR.
- Some of the reserve funds of AEUR stablecoins are stored in the bankrupt FlowBank.
- Users who hold AEUR may face the risk of losing their deposits.
- Swiss law requires AEUR users to share losses proportionally.
- The bankruptcy of FlowBank makes it impossible to immediately recover funds.
- AEUR was suspended from trading on the Binance exchange due to abnormal price fluctuations.
- Anchored Coins has not responded to key information requests at this time.
Key Points
- Anchored Coins stopped accepting customers and withdrawing stablecoin AEUR.
- Some of the reserve funds of AEUR stablecoins are stored in the bankrupt FlowBank.
- Users who hold AEUR may face the risk of losing their deposits.
- Swiss law requires AEUR users to share losses proportionally.
- The bankruptcy of FlowBank makes it impossible to immediately recover funds.
- AEUR was suspended from trading on the Binance exchange due to abnormal price fluctuations.
- Anchored Coins has not responded to key information requests at this time.