Liquidators appointed to Cork firm following FTX crypto collapse 

At the High Court on Wednesday, Mr Justice Brian O'Moore appointed provisional liquidators to Marco Polo Network Operations (Ireland) Limited on the grounds that it is insolvent and unable to pay its debts.

Joint provisional liquidators have been appointed by the High Court to a software company that provides its corporate customers with specialised online payment platforms after a proposed multi-million euro investment from Bank of America fell through.

Marco Polo Network Operations (Ireland) Limited, which has a registered address at Penrose Dock, Cork had been in discussions with Bank of America over an intended strategic partnership in a proposed US$12m deal, which would see the company's product replace the bank's own internal account automation service.