Embattled German fintech firm Wirecard said it would be filing for insolvency over the $2.1 billion ‘black hole’ that’s led to the arrest of its CEO Markus Braun. The Frankfurt Stock Exchange had earlier suspended trade in preparation of the announcement, Reuters reports. Wirecard is notably the first member of the exclusive DAX index to declare itself insol […]
RIP Wirecard, down 97% since revealing its $2.1 billion black hole
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