Cryptocurrency exchange Blockport goes bankrupt after failed STO – The Next Web

Cryptocurrency exchange Blockport goes bankrupt after failed STO  The Next Web

An Amsterdam-based cryptocurrency exchange is facing an uncertain future. Blockport has declared bankruptcy after its security token offering (STO) failed to meet its minimum expectations last month. Blockport’s STO failed to reach its soft cap of €1 million ($1.13 million) in May. Shortly after, the company filed for and was declared bankrupt, according to recently found bankruptcy records. “Since our first equity fundraising (STO) round was unsuccessful, we can’t uphold our planned growth trajectory and therefore have to significantly scale down our operations and team,” Blockport founder...