Estonian cryptocurrency exchange Coinmetro has filed for bankruptcy restructuring in an Estonian court, citing financial difficulties stemming from "years of failure by a financial services provider." The exchange, which halted user registrations, deposits, and withdrawals on June 22, did not disclose the specific partner involved. CEO Kevin Murcko revealed in a YouTube live stream that multiple service providers were implicated, contradicting earlier statements suggesting a single provider was at fault. Murcko noted that the company's financial stability was initially believed to be sound, but issues became critical as the July 1 MiCA compliance deadline approached. Additionally, Coinmetro is facing a clawback lawsuit from Prime Trust’s bankruptcy estate, which seeks to recover approximately $1.2 million transferred to Coinmetro shortly before Prime Trust declared bankruptcy last August.