Zwoop bites the dust following cancellation of ICO

Employees and suppliers have been left with unpaid wages and bills, according to sources

Zwoop, an e-commerce startup tapping blockchain tech that was backed by billionaire Robert Friedland, has gone into administration, The Telegraph reports.

The venture announced plans to launch its initial coin offering (ICO) in August last year. Shortly afterwards, however, it said that the ICO would be suspended until further notice, due to legal issues.


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