Crypto billionaire goes toe to toe with jilted investors

08 August 2019 - 08:00 By Jeff Wicks
Kryptoro CEO Priven Reddy is facing an insolvency application in court.
Kryptoro CEO Priven Reddy is facing an insolvency application in court.
Image: Facebook

Billionaire businessman Priven Reddy is staring down a court challenge by jilted investors to have his fledging cryptocurrency firm Kryptoro declared insolvent – all over a R1.2m debt.

The relationship went downhill when the company couldn’t pay a family trust its quarterly profit dividends.

 

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