The collapsed financial firm had previously supplied cards to several cryptocurrency companies.
Wirex Taps Railsbank to Replace Scandal-Struck Wirecard as Asia-Pacific Card Provider
According to the Wirex’s announcement regarding the partnership, existing Wirex card customers in the region have already been ported to Railsbank issued cards.
Wanted Wirecard Exec Said to Be Sheltered by Secret Service in Russia
Jan Marsalek, a former board member of Wirecard who is wanted over allegations of fraud, is reportedly being sheltered in Moscow by the biggest Russian secret service.
German Regulator Had Just 1 Person Checking Wirecard’s $3.1B Books: Report
Germany’s finance and accounting agencies seem to have missed their chance to spot a $2.1 billion black hole in Wirecard’s accounts.
Wirecard Fallout: Auditor EY Accused of Not Flagging $2.1B Black Hole Sooner
Following a sharp drop in the Wirecard stock price, the German shareholders’ body holds EY responsible for not alerting the public sooner over the firm’s accounting failures.
Crypto.com to Refund Clients As Wirecard’s Card Issuer Told to Cease Operations
Card issuer Crypto.com is refunding 100% of customer balances as the U.K. regulator orders Wirecard Card solutions to cease operations.
Crypto.com’s Card Issuer Wirecard Files for Bankruptcy
Before Wirecard’s insolvency filing, Crypto.com and TenX said customer funds were unaffected by their partner’s accounting scandal.
Bitcoin News Roundup for June 19, 2020
With BTC miners HODLing, Reddit dreaming big and a crypto card issuer missing billions of dollars and drawing comparisons to Enron, CoinDesk’s Markets Daily is back with another Bitcoin news roundup.
Crypto Card Issuer Wirecard Says It’s Missing $2.1B in ‘German Enron’ Scandal
Wirecard admitted the accounting hole was roughly a quarter of the company’s total balance sheet.
