Overstock-backed Bankorus has ‘run out of cash’

Overstock-backed Bankorus has ‘run out of cash’ – CoinGeek

Blockchain-powered banking platform Bankorus has reportedly run out of cash. This is according to the largest shareholder, Sonic Zhang, who, in a blog post, revealed that despite receiving over $10 million from investors, the Beijing-based startup has no money to even pay the employees’ salaries.