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Inside the breakout crypto exchange, backed by a British millionaire, now fighting for survival
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Quick Take
- LBX, the celebrated London crypto exchange, is in troubled waters following a string of internal and financial challenges
- Its star product, Dragoncard, quietly disappeared before launching. Two executives have also stepped down
- The firm was recently summoned by the British courts following a dispute over legal fees, although LBX defends its claim
- LBX CEO Ben Dives believes a turnaround is on the cards with new sister company LBX Pay projected at over £10 million
A millionaire who made his wealth in London real estate isn’t the most obvious investor for a crypto exchange. But Jonathan Sandelson, a prominent British real estate magnate, was more than an investor in LBX founder Ben Dives’ vision of a digital exchange for the British masses. He was a friend and mentor first and […]
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