{
Ursula Notzli

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tx group faces losses from investment in now insolvent crypto exchange lykke

TX Group's investment in the now-insolvent Lykke crypto exchange has turned into a complete loss, with the publishing house's 2 million franc stake in Lykke Coins written off entirely. Despite still holding the worthless tokens, TX Ventures no longer lists Lykke as a portfolio company, as it only holds tokens and not shares. The situation worsened for Lykke after a significant cyber attack in 2022, leading to a loss of 22 million francs in cryptocurrency assets.
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Swiss Franc TX Group AG Lykke Corp. CHE LVA Richard Olsen Beat Schmid Ursula Notzli Show more
Finance & Economy, News Article
07:05 12.12.2024
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