Crypto billionaire goes toe to toe with jilted investors

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Crypto billionaire goes toe to toe with jilted investors

FREE TO READ | The businessman’s company is still in its infancy, but investors already want it liquidated

Journalist

Billionaire businessman Priven Reddy is staring down a court challenge by jilted investors to have his fledging cryptocurrency firm Kryptoro declared insolvent – all over a R1.2m debt.

Attorneys acting for the investors, the Warrasally Family Trust, filed a liquidation application in the Pietermaritzburg High Court in July.

A cryptocurrency exchange is a financial custodial service that allows users to deposit money to buy and trade different cryptocurrencies or sell their digital assets back for local currency...

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