‘New buyer found’ for ailing Monetas blockchain firm
Troubled Swiss blockchain payments firm Monetas has found a new mystery buyer to pull it out of the mire, swissinfo.ch has learned. The company has run into major problems in the last few months, including enforced bankruptcy proceedings and the acrimonious failure of a previous takeover. “We are in the process of completing the purchase formalities with a buyer of Monetas. If everything goes forward as planned, we will be able to share details with you soon,” Monetas founder Johann Gevers wrote in a note to investors on March 31. Gevers was not available to comment on the new deal. A court in Zug had earlier this year placed Monetas in the care of a trustee and agreed to delay new bankruptcy proceedings until the end of this month to give the firm time to find a solution for its problems. This followed the collapse of a proposed buyout by American investment group Artillery One in February. The CHF2 million ($2.06 million) sale of Monetas’s Anguilla-based parent company, which ...