New Zealand crypto exchange Dasset goes into liquidation

Customers at the Auckland-based crypto exchange have been denied access to their funds.

News Join us on social networks

Clients of crypto exchange Dasset, headquartered in Auckland, New Zealand, have been denied access to their funds, and the company's representative has revealed the start of its liquidation.

On August 14, local media The Herald reported on the problems with the stock market. According to the report, some customers have been trying unsuccessfully to withdraw their funds for months.

Speaking to reporters, the company's CEO, Stephen Macaskill, explained that Dasset had not found a banking supplier after its former supplier stopped working with the exchange in January 2023. Macaskill also revealed that the company had initiated a voluntary liquidation. However, it is still possible to open a new account on Dasset, and no news about the liquidation has appeared on the company's official X (formerly Twitter or Instagram) accounts.

Related: Binance launches New Zealand-based offices following regulatory approval

The link to Dasset's official website now leads to the page of the law firm Grant Thornton's announcement regarding the liquidation of the exchange. The company has been appointed liquidator:

"Dasset's management says a significant reduction in asset values ​​and trading levels has impacted its ability to trade profitably. The appointment of liquidators has been determined to be in the best interest of all stakeholders."