Moolah Announces Bankruptcy Plan, MintPal Closure Amid Money Crisis

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Moopay LTD, the digital currency services business better known as Moolah, has announced that it is shutting its doors and filing for bankruptcy protection.

The move follows the failed relaunch of the MintPal altcoin exchange, which after weeks of preparation was marred by chronic user and platform issues. According to Moolah, its closure stems from an unexpected rise operational costs and the loss of critical business partnerships in the past month.

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