Woofun AI reports that the Dutch public prosecution service has petitioned the Rotterdam court to declare Knaken Cryptohandel and its affiliate Stichting Knaken Payments bankrupt for "public interest" reasons. The platform has been inaccessible since early June, trapping approximately 30,000 customers who previously exchanged euros for cryptocurrencies such as Bitcoin and Ethereum.

Knaken operated without the required approval from the Dutch financial regulator AFM under EU cryptocurrency regulations.

Concurrently, the Fiscal Information and Investigation Service has launched a criminal investigation, seizing laptops, mobile phones, and company assets during Monday's searches, though no arrests have been made.