{"id":78436,"date":"2023-05-08T12:54:44","date_gmt":"2023-05-08T09:54:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78436"},"modified":"2025-09-11T05:04:31","modified_gmt":"2025-09-11T02:04:31","slug":"tencent-backed-blockchain-startup-everledger-files-for-voluntary-bankruptcy-and-liquidation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tencent-backed-blockchain-startup-everledger-files-for-voluntary-bankruptcy-and-liquidation\/","title":{"rendered":"Tencent-backed blockchain startup Everledger files for voluntary bankruptcy and liquidation"},"content":{"rendered":"<p>Backed by tech giant Tencent, the blockchain startup Everledger filed for voluntary bankruptcy and liquidation. This followed the failure to raise investor funding, reports<a href=\"https:\/\/www.smartcompany.com.au\/startupsmart\/news\/everledger-blockchain-startup-administration\/\"> SmartCompany<\/a>.<\/p>\n<p>On 31 March 2023, Everledger employees were notified of layoffs.<\/p>\n<p>On 24 April, Vincents Chartered Accounts was appointed as the external administrator of the project.<\/p>\n<p>The first creditors&#8217; meeting is scheduled for 8 May.<\/p>\n<p>Founded in 2015, Everledger developed a platform to monitor the provenance of luxury items such as diamonds, precious metals, artworks and collectible wines.<\/p>\n<p>Over the next eight years the company raised $51.7 million from venture capital investors and $3 million in federal grants.<\/p>\n<p>In 2019, Tencent led the startup&#8217;s $20 million Series A round.<\/p>\n<p>In December 2022, one of the largest public mining companies, Core Scientific <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-miner-core-scientific-files-for-chapter-11-bankruptcy\">filed for bankruptcy<\/a> in accordance with<a href=\"https:\/\/u1f987.com\/en\/news\/why-crypto-firms-opt-for-chapter-11-bankruptcy-under-the-u-s-bankruptcy-code\">Chapter 11 of the US Bankruptcy Code<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Backed by tech giant Tencent, the blockchain startup Everledger filed for voluntary bankruptcy and liquidation. This followed a failure to raise investor funding, reports SmartCompany.<\/p>\n","protected":false},"author":1,"featured_media":78437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1300,83],"class_list":["post-78436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bankruptcy","tag-business"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=78436"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78436\/revisions"}],"predecessor-version":[{"id":78438,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78436\/revisions\/78438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/78437"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=78436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=78436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=78436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}