Factom Creditor Refuses Funding Request, Forced Into Liquidation
Published an hour ago, by Ali Raza
olleux.io
olleux.io
Inside Bitcoins via insidebitcoins.com
Factom, a blockchain company, has failed to secure further funding to sustain itself. FastForward cited Factom’s overall failure to secure additional funding as a cause, declaring that the company will now enter receivership.
FastForward stands as the largest creditor in the blockchain company, holding over 90% of Factom’s shares, and was in control when it came to a decision. McDermott stated that FastForward was extremely disappointed once the noise had reached the company that Factom would liquidate.
FastForward stands as the largest creditor in the blockchain company, holding over 90% of Factom’s shares, and was in control when it came to a decision. McDermott stated that FastForward was extremely disappointed once the noise had reached the company that Factom would liquidate.
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