Cobinhood Founder Nullify Bankruptcy and Scam allegation

Popo Chen, former CEO & Co-founder of the Cobinhood exchange has reacted to the news that the exchange is pulling of an exit-scam. Though he has been removed as CEO in his letter he defends the exchange by stating: “This is no exit scam. The company didn’t file for bankruptcy either.Our company has been through a series of unfortunate incidents, causing its suspension on Monday. Its mother company Blocktopia, Inc. then formed a smaller team (including me) to take over the daily operations.”

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