Investors in DotCom’s failed crypto platform face a $21m wipeout

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Fri, 18 Aug 2023

A liquidator’s first report has revealed investors in Kim DotCom’s failed cryptocurrency platform are at risk of seeing $21 million in investment wash down the drain.A boutique commercial law practice and a Cook Island asset protection firm also have $1.2m in jeopardy.Liquidator Iain Nellies said in his first report that the company – called Bitcache Ltd – traded as a software developer of a cryptocurrency scheme that was set up in 2016 by Dotcom.DotCom acted as a director for some seven months, Nellies said, although tw...

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