Estonian cryptocurrency exchange Coinmetro applies for bankruptcy restructuring and suspends related businesses

According to Protos, the Estonian cryptocurrency exchange Coinmetro has applied to the Estonian court for bankruptcy reorganization and suspended user registration, deposits, and withdrawals on June 22. Coinmetro claims that its financial situation has deteriorated due to the failure of a financial service provider. CEO Kevin Murcko stated in a YouTube livestream that multiple service providers were actually involved, and the company has been conducting internal investigations for many years. Kevin Murcko stated that as the MiCA compliance deadline approaches on July 1st, the financial issue has become significant.