Crypto Financial Services Firm Eqonex Files for Voluntary Debt Restructuring in Singapore

“In order to address these liquidity issues, the group has been in negotiation with potential investors to obtain equity financing through the issuance of new shares, and in negotiation with Bifinity seeking, amongst other things, a waiver of breaches and an amendment of terms under the loan agreement. Unfortunately, despite the group’s best efforts, these negotiations have not been successful,” the company said.