Cobinhood founder commented on rumors about exit scam Exchange

The founder of the cryptocurrency exchange Cobinhood and startup Dexon Popo Chen in a letter to the community explained the situation around the platform, which users accused in exit scam.

So, Chen stressed that the stock exchange and startup continue to work, and there is no question of any exit scam.

“Our company went through a series of unsuccessful incidents that resulted in COBINHOOD Ltd. announced the suspension of activities on Monday, May 20. The parent company of the exchange, Blocktopia Inc., then formed a small team (including me) to take over the daily operations that CONBINHOOD Ltd. previously managed, ”said Chen.

It is noteworthy that earlier, as the parent company of the exchange, it was not Blocktopia at all, but Cobbingham Digital Finance Co. Ltd.

At the same time, Chen notes that “there was no dump of DXN tokens,” and the Dexon Foundation, co-founders and team members still own all the assets.

The founder connects the appearance of rumors about the exit scam exchange with the fact that shortly before the declaration of bankruptcy of Cobbingham Digital Finance the startup Dexon completed the ICO, during which he managed to raise $ 3.5 million

It is worth noting that at the time of writing the material, the DXN tokens continued to fall in price, however, after Chen's statement, they slightly recovered. Nevertheless, the daily loss of DXN is about 6%.

Recall, the parent company of the exchange Cobinhood announced the start of the liquidation procedure last week. Then it seemed strange to some users of the community that this happened a month after the completion of the ICO.

We note, before the events unfolded, experts rated the stock exchange as one of the safest cryptocurrency trading floors.

Subscribe to BlockchainJournal on YouTube !