Woofun AI reports that Estonian cryptocurrency exchange Coinmetro has petitioned local courts for bankruptcy reorganization, attributing its financial distress to the prolonged failures of a financial services provider. The exchange halted user registrations, deposits, and withdrawals on June 22, though it did not identify the specific partner involved in the collapse.

CEO Kevin Murcko clarified during a YouTube broadcast that multiple service providers were implicated, contradicting the official announcement’s reference to a single party. He noted that internal investigations had been ongoing for years and that the situation escalated as the July 1 MiCA compliance deadline approached, despite earlier confidence in the company's balance sheet.