AXIA COIN confirms its demise.

[anenro]

As predicted last year. AXIA COIN (AXC) and AXIA Capital Bank, were destined to go bankrupt.

Well, here it is. It's official.

The moment Nick Agar started screwing those who trusted him and placed precious assets as a back-up to a worthless crypto-coin, the demise of his project was predicted by many. Including us.

He betrayed many and now he is due to be facing another lawsuit very soon. 




 
AXIA Project Update

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March 14, 2023



Dear AXIA community member,



As a follow-on to the announcement made on March 10th 2023, Calderwood can advise that the wind-down plan is being developed with input from the founders of the AXIA Project, with a view to maximizing and preserving the value of the assets of the AXIA Project and distributing proceeds in accordance with priorities under applicable law. The wind-down plan will be implemented through a court supervised process once the plan is finalized. Further information regarding the wind-down plan will be provided as soon as it is available.



Sincerely,

AXIA Project Team

[Sapphire Capital]

I advise to object at the bankruptcy court

[anenro]

AXIA gets an extension.

www.pacermonitor.com/public/case/45081455/Axtra_LLC_et_al_v_Axia_Issuer_Inc_et_al

[anenro]

AXIA Project Update
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April 6, 2023

Dear AXIA community member,

In the wake of speculation regarding the AXIA project wind down, Calderwood would like to clarify that one of the primary drivers of the decision to wind down the AXIA Project is potential compliance issues related to various applicable legal and regulatory regimes. Having regard to the numerous legal and regulatory risks associated with the Project’s ongoing operations, Calderwood has determined that an efficient wind-down is the most viable option to preserve value for stakeholders. Upon the commencement of the formal wind down, all stakeholders will be contacted and provided further details of how to participate in the claims process.

Sincerely,
AXIA Project Team

[anenro]

In our circles, AXC and Nick Agar, are commonly referred to as, "the greased pig."

Besides betraying those who supported AXC / Agar, they used the funds coming in to pay for operations, wages, small client withdrawals, etc.

Isn't that known as "a Ponzi scheme"?

I am asking for a friend.