A huge logistics firm has collapsed, costing 1500 Australians their jobs. Scott’s Refrigerated Logistics – which provides trucks for major supermarkets including Coles – plunged into receivership earlier this week. But after being unable to find a buyer, staff were told on Friday that they were being made redundant andContinue Reading

One of Australia’s biggest trucking companies has gone bust, leaving up to 1500 jobs at risk. Scott’s Refrigerated Logistics entered administration on Monday and is now in receivership. The firm provides refrigerated trucks and warehouses for businesses including supermarket giants Coles, IGA and Aldi. Scott’s was reportedly bought by privateContinue Reading

Australian cryptocurrency exchange Digital Surge has collapsed into administration, with its 30,000 Aussie customers unable to trade or withdraw money. The trading platform, set up in 2017, allowed customers to access more than 300 different digital currencies before its collapse. KordaMentha Restructuring has been appointed as administrators and is workingContinue Reading

The dramatic collapse of cryptocurrency exchange FTX has impacted almost 30,000 Aussies who are missing “very significant” sums of money, according to FTX Australia’s administrators, with concerns the funds in accounts had no protections. KordaMentha, which has been appointed to oversee the administration of the global crypto exchange’s Aussie armContinue Reading