From bitgrail.com
20th April.2026 update:
Following the recent closure of the bankruptcy proceedings of the sole proprietorship Webcoin Solutions, Francesco Firano has formally regained ownership of 85% of the share capital of BG Services Srl.
In his capacity as liquidator of the company, he has ascertained the existence of residual assets deriving from the bankruptcy proceedings relating to BG Services Srl (formerly known as BitGrail Srl), amounting to approximately EUR 100,000, in addition to approximately 4.2 million NANO.
In recent days, the company, through its liquidator Francesco Firano, has submitted to the former creditors – already fully compensated the bankruptcy proceedings – through their respective legal counsel, a settlement proposal consisting of the waiver of any civil and criminal actions against Mr. Firano and the company, in exchange for the transfer of the aforementioned 4.2 million NANO, which would have been allocated to the former creditors and the Nano Team, currently acting as civil parties.
In the absence of such an agreement, which has already been rejected by the former creditors' legal counsel, BG Services Srl will, in the coming days, be compelled to proceed with the liquidation of a portion of the remaining 4.2 million NANO, in order to partially cover the substantial legal costs still to be incurred
summery:
BitGrail was a small Italian cryptocurrency exchange that shut down in early 2018 after approximately 17 million NANO was reported missing. Since then, the situation has remained the subject of long-running legal and bankruptcy proceedings, with continued efforts aimed at achieving clarity and maximizing potential recoveries for affected users.
In the latest update published on 20 April 2026, it was announced that, following the closure of the Webcoin Solutions bankruptcy, Francesco Firano has regained 85% ownership of BG Services Srl. The company stated that it still holds around €100,000 and approximately 4.2 million NANO in residual assets.
According to the notice, a settlement proposal was presented to former creditors and the Nano Foundation team, under which the 4.2 million NANO would be transferred in exchange for waiving further civil and criminal actions against Firano and the company. While that proposal was not accepted, the update confirms that significant assets still remain in place, keeping open the possibility of further developments as the legal process continues.
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