A crypto exchange called Dasset in New Zealand is having problems. People who use this exchange can’t get their money out. The company that runs Dasset said they are closing down and trying to sell off everything they have.
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The organization had issues on the grounds that their bank quit working with them recently, so they couldn’t track down another bank to work with. This brought on some issues for individuals who needed to take out their cash. The CEO of Dasset explained that they are closing down and going through a process called “liquidation.”
Liquidation means they are selling off their stuff to pay back the money they owe to people. People who have accounts with Dasset might get some of their money back, but it could take some time. The company’s website now shows a message from a law firm saying they are helping with the closing down process.
The company that’s helping with the closing down said they will talk to all the people who use Dasset and make sure things are done properly. They need to bring in certain everybody’s cash is protected. This present circumstance shows that utilizing crypto exchanges can be dangerous, and it’s vital to be cautious while picking where to keep your cash.
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