🎉Party's over at FlowBank, folks!🎉 The Swiss online bank that let you dabble in crypto is now officially bankrupt, courtesy of Switzerland's financial watchdog FINMA. Apparently, they've been playing fast and loose with their capital requirements. Oops! 🙈

FlowBank, a crypto enthusiast's dream since 2020, had a 9% stake owned by CoinShares. Post this investment, they started offering customers the chance to buy, sell, and hold crypto. Even Binance was letting big traders park their crypto assets there. 🚀

But now? Well, if you had up to 100,000 Swiss francs (around $111,710), you're safe - you'll get your money back within a week. But for those with crypto deposits, it's a bit of a cliffhanger. Will it be treated like securities or claims on the bank? Only the liquidator knows! 🤷‍♂️

FlowBank's gone radio silent, their Twitter's deactivated and their website just leads to a goodbye letter. What a plot twist, eh? 🍿

What's your take on this? Drop your thoughts below! 👇 #DeFi #Web3 #CryptoNews