Blockchain Infrastructure Company Exmix Leaves VCs Scrambling After Bankruptcy

The former challenge capitalist jogging Exmix, who has now departed the organization, is one of the industry`s maximum outstanding names.

Exmix, which had raised $fifty eight million from traders along with Alibaba, Tencent and Sequoia Capital to construct out a blockchain infrastructure organization that might compete with Amazon Web Services (AWS).

But on Monday, Exmix filed for financial ruin after jogging into problems with its new banking accomplice and failing to steady sufficient investment to hold going.

Exmix stated in a submitting it had didn't attain settlement with a service provider financial institution on phrases for a capacity new line of credit score and became now no longer capable of steady extra financing from some other source.