Wire is bankrupt because of a major accounting scandal that has seen a €1.9 billion hole in its books. The German payments company is investigated by Germany’s financial regulator BaFin.
Wirecard also issued Cryptocurrency cards such as Crypto.com’s Mco visa debit card and Tenx’s visa debit card. It means the users would be affected. Although Kris Marszalek, chief executive officer of Crypto.com, promised to 100% credit back to user , it is a bad news for crypto market as the confidence of development of crypto card is declined.
