Update on Sipiem Recovery Action

Summary by AI BETAClose X

Quantum Blockchain Technologies Plc has provided an update on its legal and insolvency matters. The company's recovery action for over €6 million in damages from Sipiem has been stayed due to a former director filing for bankruptcy, halting the sale of seized assets. However, in the Mediapolis insolvency, the resolution of the last creditor dispute means QBT expects to receive its final approximately €132,000 instalment by the end of June 2026.

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