Audit log

Every state-changing event for Knaken: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-07-22 02:07:21Z
   Score: ? → ? (no score change)
   anchorpending

   chain

   ●—

   hash

   5XkrFgQrGYCy…kVK4w2Z4copysha256 → base58

   verifying row…

   canonical bytes (12000 B) ▸

   {"actor":"system:backfill","investigation_id":"dd84dc16-9bce-46bd-89a1-e1d14e5fb34d","kind":"publish","page_slug":"knaken","published_at":"2026-07-22T02:07:21.721Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Knaken","sections":[{"content":"On July 16, 2026, the Rotterdam District Court declared both Knaken Cryptohandel B.V., the trading platform, and Stichting Knaken Payments, a foundation that had been set up specifically to hold and protect customer funds separately from the operating business, bankrupt in a single ruling. The court found that Knaken had a significant deficit in customer funds — approximately €7 million — that customers had not been informed of, and that the company lacked sufficient assets to reimburse them in full. Approximately 30,000 customers were affected. The bankruptcy filing followed a petition by the Dutch Public Prosecution Service (Openbaar Ministerie, OM) on June 30, 2026, itself prompted by warnings from the Dutch Authority for the Financial Markets (AFM) describing conditions at Knaken as a \"very concerning situation.\" Notably, the fact that the client-fund foundation — designed as a safeguard against exactly this kind of shortfall — was also swept into the bankruptcy alongside the operating company indicates that the segregation mechanism did not fully protect customer assets as intended.","heading":"Bankruptcy and Missing Customer Funds","severity":"critical","sources":[{"credibility":2,"name":"Crypto trading platform Knaken declared bankrupt; €7 million in customer funds missing (NL Times)","type":"news_article","url":"https://nltimes.nl/2026/07/16/crypto-trading-platform-knaken-declared-bankrupt-eu7-million-customer-funds-missing"},{"credibility":2,"name":"Dutch crypto platform Knaken declared bankrupt, €7m missing (DutchNews.nl)","type":"news_article","url":"https://www.dutchnews.nl/2026/07/dutch-crypto-platform-knaken-declared-bankrupt-e7m-missing/"},{"credibility":2,"name":"Dutch crypto exchange Knaken collapses into bankruptcy as €7 million vanishes (Cryptopolitan)","type":"news_article","url":"https://www.cryptopolitan.com/knaken-collapses-into-bankruptcy/"}]},{"content":"Under the EU's Markets in Crypto-Assets (MiCA) regulation, crypto-asset service providers serving Dutch customers were required to hold a valid AFM authorization by July 1, 2025. Reporting indicates Knaken applied for the required MiCAR license and that the application was rejected by the AFM, after which the company was legally required to halt operations; Knaken's app and website went dark in early June 2026. At the time of its collapse, Knaken was not listed on the AFM's register of authorized crypto-asset service providers. Knaken's own 2024 annual report had reportedly disclosed that the company was \"financially vulnerable\" prior to the licensing failure. Other Dutch crypto platforms, including LiteBit and Anycoin Direct, reportedly also closed or were absorbed by competitors amid the same MiCA compliance pressure, suggesting Knaken's failure occurred within a broader wave of Dutch exchanges unable to meet the new licensing bar.","heading":"Regulatory Non-Compliance Under MiCA","severity":"high","sources":[{"credibility":2,"name":"Dutch Prosecutors Seek Knaken Bankruptcy, 30K Customers Frozen (TFTC)","type":"news_article","url":"https://www.tftc.io/knaken-bankruptcy-dutch-prosecutors-mica-license-customers-locked-out/"},{"credibility":2,"name":"MiCA Rules Trigger Dutch Crypto Exchange Collapse (Yahoo Finance)","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/mica-rules-trigger-dutch-crypto-213634332.html"},{"credibility":2,"name":"Dutch crypto platform Knaken declared bankrupt, €7m missing (DutchNews.nl)","type":"news_article","url":"https://www.dutchnews.nl/2026/07/dutch-crypto-platform-knaken-declared-bankrupt-e7m-missing/"}]},{"content":"On June 29, 2026, the Dutch fiscal and financial crime investigation service (FIOD) raided Knaken's premises, seizing laptops, mobile phones, and other company assets; no arrests were reported at the time of the raid. The Dutch Public Prosecution Service (OM) has opened a criminal investigation into the disappearance of the approximately €7 million in customer funds. The criminal investigation and the civil bankruptcy proceeding are reportedly being run on parallel tracks by separate OM teams. As of the most recent reporting, no criminal charges had been publicly announced and the findings of the criminal investigation had not been disclosed. Because the criminal probe is ongoing and unresolved, any characterization of the missing funds as theft, fraud, or embezzlement remains an allegation rather than an established fact.","heading":"Criminal Investigation and FIOD Raid","severity":"critical","sources":[{"credibility":2,"name":"Dutch Court Declares Crypto Exchange Knaken Bankrupt Amid €7 Million Embezzlement Allegations (BigGo Finance)","type":"news_article","url":"https://finance.biggo.com/news/70a4caec-edba-4f2e-8d03-556c8ec3952a"},{"credibility":2,"name":"Dutch crypto exchange bankrupt as €7M in funds goes missing (crypto.news)","type":"news_article","url":"https://crypto.news/dutch-crypto-exchange-knaken-bankrupt-as-e7m-in-funds-goes-missing/"},{"credibility":2,"name":"Dutch prosecutors seek to liquidate Knaken after freezing funds of 30,000 customers (Cryptobriefing)","type":"news_article","url":"https://cryptobriefing.com/dutch-prosecutors-liquidate-knaken-crypto/"}]},{"content":"Roughly 30,000 Knaken customers lost access to their accounts and holdings when the platform's website and mobile app went offline in early June 2026, weeks before the bankruptcy ruling. Customers were reportedly unable to view balances or reach support during this period. The Rotterdam court's bankruptcy ruling placed the company and its client-fund foundation under trustee control for an orderly wind-down, but with a confirmed shortfall of roughly €7 million against customer claims, full reimbursement of affected customers is not assured. Knaken had built public visibility in the Netherlands partly through sports sponsorship, including reported shirt-sponsorship arrangements with football clubs Ajax and Feyenoord beginning in 2021, which may have contributed to consumer trust in the platform prior to its collapse.","heading":"Customer Impact and Access Loss","severity":"high","sources":[{"credibility":2,"name":"Dutch crypto platform Knaken declared bankrupt, €7m missing (DutchNews.nl)","type":"news_article","url":"https://www.dutchnews.nl/2026/07/dutch-crypto-platform-knaken-declared-bankrupt-e7m-missing/"},{"credibility":2,"name":"Prosecutors push Dutch crypto platform into bankruptcy court to protect investors (NL Times)","type":"news_article","url":"https://nltimes.nl/2026/06/30/prosecutors-push-dutch-crypto-platform-bankruptcy-court-protect-investors"}]}],"sources_used":[{"credibility":2,"name":"Crypto trading platform Knaken declared bankrupt; €7 million in customer funds missing (NL Times)","type":"news_article","url":"https://nltimes.nl/2026/07/16/crypto-trading-platform-knaken-declared-bankrupt-eu7-million-customer-funds-missing"},{"credibility":2,"name":"Dutch crypto platform Knaken declared bankrupt, €7m missing (DutchNews.nl)","type":"news_article","url":"https://www.dutchnews.nl/2026/07/dutch-crypto-platform-knaken-declared-bankrupt-e7m-missing/"},{"credibility":2,"name":"Dutch crypto exchange Knaken collapses into bankruptcy as €7 million vanishes (Cryptopolitan)","type":"news_article","url":"https://www.cryptopolitan.com/knaken-collapses-into-bankruptcy/"},{"credibility":2,"name":"Dutch Prosecutors Seek Knaken Bankruptcy, 30K Customers Frozen (TFTC)","type":"news_article","url":"https://www.tftc.io/knaken-bankruptcy-dutch-prosecutors-mica-license-customers-locked-out/"},{"credibility":2,"name":"MiCA Rules Trigger Dutch Crypto Exchange Collapse (Yahoo Finance)","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/mica-rules-trigger-dutch-crypto-213634332.html"},{"credibility":2,"name":"Dutch Court Declares Crypto Exchange Knaken Bankrupt Amid €7 Million Embezzlement Allegations (BigGo Finance)","type":"news_article","url":"https://finance.biggo.com/news/70a4caec-edba-4f2e-8d03-556c8ec3952a"},{"credibility":2,"name":"Dutch crypto exchange bankrupt as €7M in funds goes missing (crypto.news)","type":"news_article","url":"https://crypto.news/dutch-crypto-exchange-knaken-bankrupt-as-e7m-in-funds-goes-missing/"},{"credibility":2,"name":"Dutch prosecutors seek to liquidate Knaken after freezing funds of 30,000 customers (Cryptobriefing)","type":"news_article","url":"https://cryptobriefing.com/dutch-prosecutors-liquidate-knaken-crypto/"},{"credibility":2,"name":"Prosecutors push Dutch crypto platform into bankruptcy court to protect investors (NL Times)","type":"news_article","url":"https://nltimes.nl/2026/06/30/prosecutors-push-dutch-crypto-platform-bankruptcy-court-protect-investors"},{"credibility":2,"name":"Dutch court declares Knaken bankrupt after 7 million euros in lost customer assets","type":"news_article","url":"https://www.digitaltoday.co.kr/en/view/82726/dutch-court-declares-knaken-bankrupt-after-7-million-euros-in-lost-customer-assets"}],"summary":"Knaken (Knaken Cryptohandel B.V.), a Rotterdam-based Dutch cryptocurrency exchange founded in 2017, was declared bankrupt by a Rotterdam court on July 16, 2026 after roughly €7 million in customer funds could not be accounted for. The platform, which had roughly 30,000 customers, went offline in early June 2026 after failing to obtain the license required under the EU's Markets in Crypto-Assets (MiCA) regulation, and is now the subject of a Dutch Public Prosecution Service (OM) criminal investigation into the missing funds.","timeline":[{"date":"2017-01-01","event":"Knaken Cryptohandel B.V. founded in Rotterdam, Netherlands (exact founding date not specified in available reporting).","source":"NL Times","source_url":"https://nltimes.nl/2026/07/16/crypto-trading-platform-knaken-declared-bankrupt-eu7-million-customer-funds-missing"},{"date":"2021-01-01","event":"Knaken reportedly becomes a shirt sponsor associated with Dutch football clubs Ajax and Feyenoord (exact date not specified).","source":"NL Times","source_url":"https://nltimes.nl/2026/07/16/crypto-trading-platform-knaken-declared-bankrupt-eu7-million-customer-funds-missing"},{"date":"2025-07-01","event":"Deadline under EU MiCA regulation for crypto-asset service providers to hold a valid AFM authorization to continue operating in the Netherlands.","source":"TFTC","source_url":"https://www.tftc.io/knaken-bankruptcy-dutch-prosecutors-mica-license-customers-locked-out/"},{"date":"2026-06-01","event":"Knaken's website and mobile app go offline after its MiCAR license application to the AFM is rejected, locking out roughly 30,000 customers (exact date within early June not specified).","source":"Cryptopolitan / TFTC","source_url":"https://www.cryptopolitan.com/knaken-collapses-into-bankruptcy/"},{"date":"2026-06-29","event":"Dutch fraud investigation service FIOD raids Knaken's premises, seizing laptops, phones, and company assets; no arrests reported.","source":"TFTC","source_url":"https://www.tftc.io/knaken-bankruptcy-dutch-prosecutors-mica-license-customers-locked-out/"},{"date":"2026-06-30","event":"Dutch Public Prosecution Service (OM) files a bankruptcy petition against Knaken, citing AFM warnings of a \"very concerning situation.\"","source":"NL Times","source_url":"https://nltimes.nl/2026/06/30/prosecutors-push-dutch-crypto-platform-bankruptcy-court-protect-investors"},{"date":"2026-07-16","event":"Rotterdam District Court declares Knaken Cryptohandel B.V. and Stichting Knaken Payments bankrupt, citing a roughly €7 million shortfall in customer funds.","source":"NL Times / DutchNews.nl","source_url":"https://nltimes.nl/2026/07/16/crypto-trading-platform-knaken-declared-bankrupt-eu7-million-customer-funds-missing"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 16fae324-3184-405c-97d6-8b392b9369d4copy