News Explorer — Judge Orders Liquidation of Crypto Lender Freeway, Citing an "Absence of Reliable Accounting"

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Oct 20, 5:57 pm

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Judge Orders Liquidation of Crypto Lender Freeway, Citing an "Absence of Reliable Accounting"

The Cayman Islands judge has ordered the liquidation of AuBit, the parent company of troubled crypto lender Freeway. The judge ruled that there was an "absence of reliable accounting" and that an independent investigation is necessary. Freeway, which had $160 million in assets at its peak, has become the latest cautionary tale in the crypto lending sector.

The Cayman Islands judge has ordered the liquidation of AuBit, the parent company of troubled crypto lender Freeway. The judge ruled that there was an "absence of reliable accounting" and that an independent investigation is necessary. Freeway, which had $160 million in assets at its peak, has become the latest cautionary tale in the crypto lending sector.

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