Lykke Corp UK - Provisional Liquidation

Lykke Corp UK, a cryptocurrency exchange holding client assets of approximately US$68 million, was placed into provisional liquidation on 20 March on application by five representatives of the creditor group.

In June 2024, Lykke was allegedly subject to a hack in which US$22.8 million worth of cryptocurrency was stolen. A group of 85 creditors, assembled by Tobias Schaffner and Niccolò Gozzi of Niedermann Rechtsanwälte, sought recovery in respect of crypto- and fiat currency, which they were unable to withdraw from Lykke.

Michael Leeds and Jonathan Thielmann of Interpath were appointed as joint provisional liquidators to investigate and protect the company’s assets prior to the winding-up hearing.