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Blockchain startup Zwoop collapses following cancellation of ICO

VC-backed cryptocurrency startup Zwoop has gone into administration. According to an exclusive report by The Telegraph’s James Cook, the company’s board of directors filed for administration at the end of November last year. As a result, employees and suppliers from all over the world have been left with unpaid wages and bills, according to sources. Zwoop, founded by Italian entrepreneur Alessandro Gadotti, raised $13 million from Robert Friedland, an American-Canadian billionaire and mining tyc...
Tags: Startups, Telegraph, Blockchain, James Cook, Friedland, Robert Friedland, Hard Fork, Zwoop, Alessandro Gadotti, Ivanhoe Capital Corporation