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
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...