Peter McCormack Alleges London Block Exchange Insolvent Since 2018

What Bitcoin Did host Peter McCormack has alleged that the London Block Exchange has been insolvent since fall of 2018.

The allegation appeared in a tweet, which can be found here and that reads:

https://twitter.com/PeterMcCormack/status/1122095124346015744

It seems that the exchange has not achieved its growth targets and as a result, there has been instability that has placed both the business and its employees at risk.

https://twitter.com/PeterMcCormack/status/1122095126677946368

In another tweet alleges

“Staff and creditors are behind held to ransom as the company owns no assets, thus an administration strike would result in an et loss for all and is being used as leverage for patience. Note: Ironically customer balances are safe and secured regulatory protection.;

Well, at least there is good news.