UK and European customers of Crypto.com and TenX can no longer use their crypto debit cards.
Customers of TenX and Crypto.com can no longer use their crypto debit cards in the UK and Europe, announced the companies in statements today.
The abrupt freeze occurred because the company that powers them, Wirecard, filed for insolvency today over allegations that it lied to auditors over $2.1 billion of its funds. Its auditors, Ernst & Young, failed to ask for the records for three years, reported the Financial Times.
Read on:
https://decrypt.co/33695/crypto-debit-cards-frozen-following-wirecard-scandal.