$102,909.00
3.46%$2,338.60
19.36%$2.38
7.63%$636.71
3.71%$170.65
10.44%$0.999905
-0.01%$0.206408
12.56%$0.789604
9.56%$0.263009
4.97%$2,338.89
19.50%$3.96
4.56%$103,084.00
3.75%$16.16
8.45%$23.39
11.54%$2,826.38
20.12%$0.300123
9.16%$0.00001507
11.93%$0.198692
6.64%$24.72
14.50%$415.32
0.42%$3.28
5.15%$8.74
-0.73%$0.999857
-0.02%$98.38
6.98%$4.66
9.91%$2,335.81
19.20%$300.32
1.52%$2,489.85
19.45%$0.00001251
36.03%$4.48
3.44%$0.731545
17.56%$0.999518
-0.01%$0.999889
-0.06%$102,899.00
3.49%$30.27
3.77%$6.31
20.48%$427.79
6.62%$5.67
11.27%$2.91
16.28%$1.018
9.91%$53.96
4.24%$208.60
11.02%$1.05
-0.01%$19.05
9.81%$0.101234
6.45%$1.00
0.00%$14.14
15.74%$5.29
8.42%$22.02
2.89%$33.54
11.99%$0.10189
6.38%$0.767457
4.99%$4.95
8.89%$0.02947345
10.60%$0.253662
10.35%$0.850426
16.10%$4.91
12.28%$0.37235
21.15%$1.001
0.10%$102,800.00
3.19%$1.17
0.27%$0.233944
10.20%$3.01
9.06%$4.35
0.17%$0.582569
5.71%$2.89
10.07%$0.375615
13.08%$0.00002181
17.79%$4.50
6.29%$1.12
11.90%$0.999877
0.11%$0.51802
13.60%$0.970349
2.53%$1,734.68
6.69%$180.00
11.15%$2,335.98
19.30%$11.16
2.69%$94.72
0.62%$1.34
22.32%$2,438.33
19.48%$1.98
24.40%$0.850868
-0.94%$0.01977187
1.55%$1.27
1.37%$4.57
13.14%$0.739112
17.20%$0.235262
10.89%$0.654969
11.00%$0.076093
1.22%$11.85
12.80%$102,430.00
3.11%$2,657.81
19.63%$0.998056
-0.16%$0.110406
12.58%$0.772185
6.13%$0.00010026
19.64%$0.0146707
5.07%$1.02
17.86%$220.65
10.60%$636.59
3.74%$0.01857946
11.23%$1.001
0.16%$2,483.79
19.24%$188.94
10.39%$0.999252
-0.04%$0.873673
11.91%$0.01920505
17.42%$2.91
8.75%$0.842522
15.41%$102,361.00
3.00%$14.55
-0.95%$3,333.34
-0.44%$40.60
4.65%$103,607.00
3.36%$0.326951
11.96%$102,004.00
3.55%$3,335.11
-0.56%$0.077763
23.06%$0.999869
-0.02%$0.620412
2.07%$0.235758
8.01%$0.00000078
7.59%$22.70
13.56%$2,445.21
19.44%$4.10
7.15%$0.725781
13.51%$2.29
6.74%$0.119738
3.91%$42.84
5.94%$0.429689
9.69%$1.99
15.18%$2,453.65
19.77%$0.997719
0.00%$0.617237
8.64%$0.341004
8.55%$3.89
8.63%$0.669658
14.17%$0.995505
-0.34%$0.01851511
2.95%$0.177123
21.93%$0.754646
10.26%$1.11
0.99%$0.01023087
13.29%$0.00602542
6.81%$0.474326
9.24%$0.170325
21.84%$8.17
10.49%$0.205939
12.40%$0.67809
13.78%$18.73
15.05%$110.98
0.01%$103,298.00
3.95%$0.479805
6.40%$0.522796
10.61%$1.47
12.22%$2,483.83
18.90%$2,336.20
19.19%$2,335.49
19.25%$0.617349
17.48%$0.997255
-0.18%$0.195784
3.37%$2,345.34
19.95%$0.999903
0.02%$102,630.00
3.42%$2,378.34
19.14%$0.066445
0.59%$0.00002374
6.62%$3.90
19.08%$100,357.00
3.09%$0.00867975
8.87%$6.47
8.91%$0.999903
-0.00%$2.83
12.48%$1.63
3.56%$0.176471
9.04%$0.096732
13.09%$1.79
8.58%$0.00000044
4.68%$0.086438
13.37%$0.04553742
8.98%$2,334.60
19.17%$0.00611877
5.82%$0.649446
23.99%$102,782.00
3.35%$0.254472
10.59%$1.007
0.31%$1.086
0.02%$1.54
6.37%$0.154985
-0.63%$44.95
9.28%$0.00000101
6.62%$0.33933
17.64%$2,325.14
19.60%$0.812959
14.81%$0.03740937
6.15%$0.00436187
5.93%$0.01907797
5.26%$0.391907
2.02%$0.377771
3.86%$33.06
1.50%$0.00006628
8.83%$0.353647
11.17%$0.99861
-0.26%$21.44
0.12%$0.844081
5.97%$0.175048
-1.48%$0.999884
-0.09%$0.0034407
16.38%$0.00000167
9.22%$130.81
12.76%$2,467.65
19.23%$1.37
-3.44%$23.49
12.01%$0.734796
4.47%$1.18
31.89%$2.93
13.91%$102,860.00
3.43%$0.998128
-0.06%$0.257756
11.04%$2,567.82
19.40%$0.228582
13.71%$0.999953
0.01%$1.00
-0.02%$24.72
14.69%$0.00346332
16.70%$2,543.21
19.18%$3.79
14.76%$0.525255
-9.58%$1.099
0.06%$0.03490653
2.25%$2,333.32
18.89%$3.58
8.49%$2,519.00
19.38%$23.72
5.99%$24.71
14.51%$0.571481
5.90%$0.999887
-0.04%$17.39
9.20%$0.285526
8.32%$0.00376935
9.37%$2,343.29
20.25%$3,331.54
-0.65%$0.03962549
8.15%$0.803724
18.28%$0.0138831
9.04%$0.114555
14.51%$0.264075
50.04%$2,066.05
3.46%
Over the last week-plus, the Wirecard saga has gone from bad to much, much worse—and the full extent of the fallout is still taking shape.
Following the German fintech company’s insolvency filing on Thursday, the cryptocurrency debit cards that Wirecard operates—issued by Crypto.com and TenX—were frozen for UK and European customers.
On Friday, things got worse for many customers of British fintech firms associated with Wirecard, who found their assets frozen. That’s because the UK’s Financial Conduct Authority (FCA) ordered Wirecard’s Newcastle-based UK division to suspend access to accounts to protect the funds within.
British fintech companies Curve, Pockit, and ANNA Money were among those impacted by the decision, and confused customers prodded the firms via social media to inquire about the status of their accounts and the safety of their money
The FCA's freeze on Wirecard's UK operations has caused disruption in UK fintech:
Curve has suspended all UK accounts and told customers to carry a backup card
ANNA told customers to withdraw their money by 12pm and get to an ATMhttps://t.co/v8aMKNFhui
— James Cook (@JamesLiamCook) June 26, 2020
It is not yet known when the FCA will rescind the order so that affected customers can access their accounts.
On June 18, Wirecard announced that its auditing firm, Ernst & Young, discovered a $2 billion hole in the company’s balance sheet. Dr. Markus Braun, who had been CEO for 18 years, quickly resigned the next day, plus Wirecard suspended board member and COO Jan Marsalek.
Since then, Braun turned himself in to authorities after being sought for suspicion of lying to police, and Marsalek—whose whereabouts are apparently unconfirmed, according to the Financial Times—has been fired by Wirecard.
Wirecard filed for insolvency on Thursday in Munich, leading to the issues with the aforementioned crypto debit cards and British fintech services. According to Bloomberg, Ernst & Young issued a statement claiming that Wirecard provided “false confirmations and statements with regard to escrow accounts.”
“There are clear indications that this was an elaborate and sophisticated fraud,” the statement continued, “involving multiple parties around the world in different institutions, with a deliberate aim of deception.”
