🔮 AEUR Holders Beware: FlowBank Bankruptcy Sparks Loss Concerns

📉 FlowBank SA's bankruptcy has sent shockwaves through the crypto community, with AEUR stablecoin holders now facing potential financial losses. The Swiss bank's undercapitalization has put the 1:1 peg to the Euro at risk.

✅ FlowBank SA's downfall began long before its recent bankruptcy filing. FINMA's scrutiny since 2021 revealed deep-rooted issues, from inadequate reserves to poor risk management.

đŸ’Œ Despite efforts to right the ship, FlowBank SA failed to meet capital requirements, leading to further enforcement actions in 2022. Now, the collateral backing AEUR is caught up in the bank's insolvency proceedings, leaving holders in a precarious position.

🔒 Anchored Coins AG, the issuer of AEUR, has been quick to address concerns but admits that if the collateral cannot be recovered, the 1:1 redeemability may be compromised.

⏞ For now, new clients and stablecoin transactions are on hold as Anchored Coins AG works to navigate this storm. The fate of AEUR hangs in the balance as bankruptcy proceedings unfold.

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