As far as I know they had mentioned about some losses that they were going through while running the website .
Have you then ........... P2P in their model went bankrupt even before them, and a few like Paxful that are left are ...
I didn't really do a research on this but I am surprised about the loss thing since in P2P it shouldn't be the company bearing losses since the trade should be between the people. Maybe, heavy taxes could be reason behind it? LBTC had its headquarters in Finland ?
Yes, they had their headquarters in Finland, the capital of the country, Helsinki, to be precise.
This has nothing to do with the insolvency of the company and I don't think taxes are a problem either, after all, they are not the ones paying the taxes indirectly but those dealing on the platform. They've survived many years without issues even while paying their taxes, so it can't be the taxes.
All I believe is that people are finding their better serves elsewhere and the world of P2P is revolutionizing, so those who are lagging with their old ways may not meet up with the competition.