Coinhouse partially covers losses on its cryptocurrency primers

Nicolas Louvet, co-founder and CEO of Coinhouse.

Mint offered to its customers to cover their losses in its cryptobrochures to 5600 euros. “a exceptional commercial gesture according to the tricolor exchange”.

This Wednesday, Mint sent an e-mail, seen by Coins.frto its customers holders of cryptographic passbooks in which the CEO of the exchange platform, Nicolas Louvet, offers them a partial reimbursement.

The major financial difficulties and defaults experienced by some companies in the crypto-asset sector have a direct impact on your Crypto Passbooks. Faced with a situation of which they are now direct victims, Coinhouse will spare no effort and will do everything possible to eventually restore a situation favorable to your interests. But without waiting, we have decided to offer you an exceptional commercial gesture,” reads the letter.

Thus, cryptocurrencies deposited in Tether, Bitcoin or USDT wallets are. covered up to about 5600 euros (6000 USDT for the Tether passbook) by Coinhouse.

At brochureswhich could generate up to a 6% annual return, depended on various counterparties of which FTX. After the collapse of Sam Bankman Fried’s empire, Coinhouse had made a business gesture and fully assumed the losses on its savings products.

But since the bailout freeze in Global GenesisAnother of the counterparties affected by FTX’s bankruptcy, passbook holders no longer had access to their tokens. This time, the company led by Nicolas Louvet decided to suspend withdrawals.

Customers have until December 28, 2022 accept the offer presented on Wednesday. They will then get their digital coins back between December 30 and January 5, 2023. By signing, they waive their right to claim any “additional compensation.”

Please note. Coinhouse was not obligated to indemnify its customers.. The conditions of the passbooks indicated that the amount invested was “not guaranteed” and could be “lost in its entirety”.