![Overstock-backed Bankorus has ‘run out of cash’ Overstock-backed Bankorus has ‘run out of cash’](https://coingeek.com/wp-content/uploads/2019/10/bankorus-running-out-of-money-380x188.jpg)
Overstock-backed Bankorus has ‘run out of cash’
The blockchain banking startup has run out money, even after raising $10M from investors. All its employees have left.
The blockchain banking startup has run out money, even after raising $10M from investors. All its employees have left.
Medici Ventures, a blockchain subsidiary of Overstock.com has purchased a 5.1 percent stake in Bankorus, blockchain banking platform focused on custody, lending, and exchange of assets on the blockchain.