Envion AG was a company founded in 2017 and headquartered in the Swiss canton of Zug, which wanted to mine Cryptocurrencies such as Bitcoin and Ether with self-built, mobile mining rigs. In several funding rounds around USD 100m was collected for this project.
Due to opposing positions taken within management, the company never went operational. After months of uncertainty the Swiss Financial Market Supervisory Authority (FINMA) stepped in and put Envion under investigation. Subsequent to that, the bankruptcy office in Zug ordered the complete liquidation of Envion AG and will dissolve the company in the near future.
This fiasco has left 37,000 disenchanted investors from around the world behind. They hope for refunds of their investments, the bulk of which have not completely disappeared. It is anticipated that, as a result of the upcoming liquidation, the remining money, around USD 40-50m sitting in banks in Switzerland, will be refunded.
-
Featured
Envion scandal: millions of investor funds found on mastermind’s private bank accounts, public prosecutor asleep
Berlin. The turn of the year marks the fifth anniversary of the Envion ICO scandal. A total of 100 million euros is at stake, raised from over 30,000 investors from Germany and around the world. A German team in Berlin, via a public company in Switzerland, promised a secure investment, advertised a patent and legal… Read more
-
Berliner Justizskandal: Envions verschwundene Millionen bei Hintermännern aufgetaucht, Staatsanwaltschaft untätig
Berlin. Zum Jahreswechsel jährt sich der Envion Skandal-ICO zum fünften Mal. Insgesamt ging es um 100 Millionen Euro, die von über 30.000 Anlegern aus Deutschland und der Welt eingenommen wurden. Ein deutsches Team in Berlin in Verbindung mit einer Aktiengesellschaft in der Schweiz versprach Sicherheit in Form eines Patentes und Rechtskonformität. Die Wirklichkeit stellte sich… Read more
Follow My Blog
Get new content delivered directly to your inbox.
EnvionWatch 