Provisional liquidators appointed to software company with €5.2m debts

It has been trading since 2016, but now has debts of over €5.2 million.

Frequency used in cryptocurrency transactions, Blockchain is a system to record information in a way that makes it extremely difficult to change, hack or cheat. The company claims a proposed partnership with Bank of America got into difficulties last November following the high-profile collapse of one of the largest cryptocurrency exchanges FTX Trading Ltd, and a decision by the bank not to invest in blockchain-related businesses.

Represented by Stephen Byrne BL, the company petitioned the court for the appointment of provisional liquidators.

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