Futureverse collapse leaves $40m in debts after receivership sale
Kiwi-founded crypto company Futureverse, once valued at over $1 billion, sold in receivership for $4.5 million.
Futureverse, a cryptocurrency company founded in New Zealand that claimed to be a billion-dollar unicorn, has collapsed into receivership. The company was sold for $4.5 million, far below its claimed valuation, leaving approximately $40 million in debts.
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NZ Herald
Futureverse collapse: How a claimed billion-dollar Kiwi-founded crypto company roll-up left $40m in debts
Futureverse claimed to be a billion-dollar unicorn. A receivership sale fetched $4.5m.