TechFlow news, according to Techinasia, U-Zyn Chua, former Chief Technology Officer of Cake Group, who in November 2023 requested the Singapore High Court to shut down the cryptocurrency company, is now considering acquiring the firm directly.
As announced during a court hearing in Singapore on Monday, Chua has proposed buying out Julian Hosp, co-founder and CEO of Cake Group. The judge overseeing the liquidation application adjourned the case for five weeks to allow Chua time to consider this potential deal. Terms of the transaction were not disclosed.




