Just read that.

Firstly, respect to Danny for posting an update and I agree that it is utterly wrong and inappropriate that his family has been dragged into this.

However, it now seems I and some others have been right all along. The money has been spent and lost and there is nothing left.

Sadly all the money has been spent on nothing more than raising the awareness of Neo/Bitcoin in Cyprus, which will now be more than offset by the bad publicity for both that the insolvency of Neo will bring. I highly doubt that anyone would wish to buy or launch a Bitcoin bank again in Cyprus, now that the only well-known one has proven all the risks and gone bust.

What a mess. I'm genuinely sorry and sad for all those involved, staff and investors and for the futher negativity it will bring to the world of Bitcoin.