Two Arrested for Orchestrating Escape of Wirecard Exec Accused of Fraud

The collapsed financial firm had previously supplied cards to several cryptocurrency companies.

Policy & regulation  ·  25 January 2021

Wirex Taps Railsbank to Replace Scandal-Struck Wirecard as Asia-Pacific Card Provider

According to the Wirex’s announcement regarding the partnership, existing Wirex card customers in the region have already been ported to Railsbank-issued cards.

News  ·  26 August 2020

Wanted Wirecard Exec Said to Be Sheltered by Secret Service in Russia

Jan Marsalek, a former board member of Wirecard who is wanted over allegations of fraud, is reportedly being sheltered in Moscow by the biggest Russian secret service.

News  ·  20 July 2020

German Regulator Had Just 1 Person Checking Wirecard’s $3.1B Books: Report

Germany's finance and accounting agencies seem to have missed their chance to spot a $2.1 billion black hole in Wirecard's accounts.

Policy & regulation  ·  3 July 2020

Wirecard Fallout: Auditor EY Accused of Not Flagging $2.1B Black Hole Sooner

Following a sharp drop in the Wirecard stock price, the German shareholders' body holds EY responsible for not alerting the public sooner over the firm's accounting failures.

Business  ·  29 June 2020

Crypto.com to Refund Clients as Wirecard’s Card Issuer Told to Cease Operations

Card issuer Crypto.com is refunding 100% of customer balances after the U.K. regulator ordered Wirecard Card solutions to cease operations.

News  ·  26 June 2020

Crypto.com’s Card Issuer Wirecard Files for Insolvency

Before Wirecard's insolvency filing, Crypto.com and TenX said customer funds were unaffected by their partner's accounting scandal.

News  ·  25 June 2020

Crypto Card Issuer Wirecard Says It’s Missing $2.1B in ‘German Enron’ Scandal

Wirecard admitted the accounting hole was roughly a quarter of the company’s total balance sheet.

News  ·  18 June 2020