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Originally Posted by Know me.
You'd think that there would be significant funds, millions in the bank accounts to back NZDT tokens. Also significant funds containing exchange account holders funds, considering that there are a million plus users then those figures should be in the tens of millions (conservatively) and the bank is walking away?
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A while ago Cryptopia said NZDT was backed by ~NZ$7.5 million in fiat. I have no reason to doubt that - although it seemed on the low side considering a single whale could clean them out.
Most likely their bank simply got the jitters due to the shady nature of crypto and the very large sums transiting through the account.