Quantum Blockchain Technologies CEO explains Sipiem recovery action, next steps

Quantum Blockchain Technologies PLC (AIM:QBT, FRA:BYA1) CEO Francesco Gardin talked with Proactive's Stephen Gunnion about the latest developments in the company’s legal recovery efforts and ongoing proceedings involving multiple defendants. Gardin opened with a positive update regarding Mediapolis, explaining that after a lengthy bankruptcy process, the company has now reached a settlement. He confirmed that QBT is set to receive 10% of the proceeds, amounting to €132,000, with payment expected within the next 60 days. The discussion then turned to the concept of court-supervised liquidation under Italian law. Gardin described this as a process similar to private bankruptcy, where a court oversees the disposal of a defendant’s assets, with proceeds distributed to creditors. He clarified that this specific case relates to one of several defendants involved, stating that there are “seven individuals and two insurance companies” connected to the broader legal actions. Gardin emphasised that while one defendant has entered this process, the company continues to pursue asset recovery from others. He noted: “Given the position of exposure that the individual has with us, I mean we are in a very good position.” The CEO also confirmed that real estate assets tied to the case will be auctioned under court supervision, and that QBT is actively filing requests to seize and sell assets across multiple cases. For more updates like this, visit Proactive's YouTube channel, give the video a like, subscribe to the channel, and enable notifications so you never miss future content. #QuantumBlockchain #QBT #FrancescoGardin #BlockchainNews #LegalUpdate #AssetRecovery #CourtLiquidation #InvestingNews #ProactiveInvestors #CryptoNews #FinancialRecovery #LitigationUpdate