Woofun AI reports that the Dutch Public Prosecution Service petitioned the Rotterdam court to declare bankruptcy for Knaken and Stichting Knaken Payments, citing public interest. The platform halted operations in early June, trapping approximately 30,000 customers from accessing assets like Bitcoin and Ethereum.

Prosecutors argue the shutdown is disorganized despite claims of gradual closure. A criminal investigation resulted in premises searches and asset seizures on Monday, with no arrests made. This occurs as the MiCA transition period concludes on July 1, barring unlicensed entities from serving EU clients.