PeerTech, the company behind the Zidax crypto exchange, has been declared bankrupt. This news, reported by Digital Asset, signals potential challenges for Zidax users and the broader cryptocurrency market. The bankruptcy declaration was made on January 14th, and a creditors' meeting took place on April 11th. What does this mean for Zidax users? It is crucial for users to understand the implications of this bankruptcy. Typically, bankruptcy proceedings involve assessing assets and liabilities to repay creditors. The process can be lengthy and complex, and the recovery of funds held on the exchange is not guaranteed. Investors affected by the Zidax bankruptcy should seek legal and financial advice. Staying informed about the proceedings is essential. ```
