Fetch.ai put in administration in search to ‘find urgent rescue capital’ for crypto and AI firm

Tech firm Fetch.ai has been put into administration and sold back to a consortium of its founders, the Standard has learned.

Advisors to the Suffolk-based , which is the firm behind the Fetch.ai crypto token, said it “ran into financial difficulties towards the end of in order “to find urgent rescue capital or to secure a sale of the , business and/or assets.”