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Another Crypto collapse: Irish this time

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Calahonda52
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Another Crypto collapse: Irish this time

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Post by Calahonda52 »

https://m.independent.ie/business/irish ... 21992.html

A major row has erupted between the shareholders of now collapsed Gigabyte Investments, a crypto-focused trading platform founded by James Kelly, the grandson of developer Paddy Kelly.
A liquidator has been appointed to wind up the firm and a report has been made to An Garda Síochána.

A total of 25 investors had put €930,000 into the firm, with one understood to be in danger of losing their entire pension in the collapse.

Managing partner Louis Curran claimed in an email last week to investors that “we were informed by James Kelly that everything was lost, we were told the losses were the direct result of ‘unauthorised leveraged trades’.”
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