New Zealand Crypto Exchange Dasset Begins Voluntary Liquidation, Customer’s Assets Frozen
New Zealand-based cryptocurrency exchange, Dasset, has begun a voluntary process of liquidation after the New Zealand Companies Office (NZCO) sought to wind up the company’s operations last month.
According to recent reports, the NZCO acted due to Dasset’s failure to pay shareholder dividends and continuously filing false reports. After being served a winding-up order, the company decided to enter voluntary liquidation so as to protect customer assets.
In an official statement released on its website, Dasset disclosed that the process of liquidation began on 13th April and that all customers’ wallets, funds, and assets have since been frozen.
The statement adds that the company has hired two liquidators that have taken control of the company’s assets that need to be determined and sold, while customers are asked to wait patiently for their funds to be repaid so that they can withdraw them.
The statement further reveals that the liquidators will be forming a creditors’ committee to determine how customer funds will be repaid and how the remaining assets are to be managed until their liquidation.
At press time, the crypto exchange’s website states that the “liquidator has been appointed and is dealing with matters regarding the liquidation – including customer assets, liabilities and claims. Please be aware that no listing, trading or transfers of funds have yet been enabled. We will advise as soon as the position changes.”