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Play2Live Goes Bankrupt

The Play2Live cybersport platform, which attracted $30 million during ICO, has been declared bankrupt by a court.

The developer of Play2Live Alexei Burdyko has reported: the money is over. The CEO said it was due to the fall of the cryptocurrency rate. As for now, the court order to admit insolvency of the company appeared among the other information on the bankruptcy.

The anti-crisis manager has analyzed the financial state of the debtor and conclude: “No financial and economic activity is pending. The debtor is consistently insolvent. The complete debt service is impossible.” The property valued at 243,5 thousandth rubles was found, albeit the lenders demand 667,3 thousand rubles.

We recall that the Blockport crypto exchange didn’t manage to collect €1 million during STO and declare bankruptcy.