Superhero and Swyftx walk away from $1.5b merger
The co-founders and former shareholders of Superhero will resume control of the ambitious, share-trading platform in a management buyout, parting ways with new owner Swyftx amid a regulatory crackdown on crypto companies.
The Australian Financial Review can reveal that Swyftx will sell Superhero back to its founders, John Winters and Wayne Baskin and the consortium of investors who initially bankrolled the neo-broker’s birth two years ago for an undisclosed sum.
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