Worrying details inside the $8b Aussie crypto giant
Animoca executive chairman Yat Siu dismissed a “going concern” notice from his company’s auditors that was lodged on its long-delayed 2020 accounts.
Auditors for $7.8 billion Australian crypto firm Animoca Brands have warned there is “material uncertainty” about its viability in part because of a $US110 million debt, but its executive chairman argues it has years of breathing room.
Animoca was booted from the ASX in 2020 due to concerns from the bourse about its disclosures and crypto investments, but kept operating from Hong Kong while retaining its Australian incorporation.
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