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IBM, Westpac-backed blockchain project Lygon to liquidate - Crypto News

Retrieved on: 2024-01-20 18:57:15

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IBM, Westpac-backed blockchain project Lygon to liquidate - Crypto News. View article details on HISWAI: https://crypto.news/ibm-westpac-backed-blockchain-project-lygon-to-liquidate/

Summary

The article details the bankruptcy of the Australian blockchain company Lygon, which used crowdfunding to raise funds. Despite initial support by major banks like ANZ, issues similar to those faced by cryptocurrency entities such as Celsius Network led to Lygon's downfall.

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