The co-founder of Cobinhood crypto exchange has been removed from corporate affairs due to his controversial behavior.
Co-founder of Taiwan-based crypto exchange Cobinhood has been removed from corporate affairs since late April 2019, the firm announced on its Telegram group on May 6.
Tai-yuan Chen, also known as Popo Chen, has “ceased to participate” in the firm due to “personal and investor disputes,” the announcement says.
Specifically, Cobinhood wrote that their team had to file a police report due to Chen’s emotional instability and personal behaviors that caused safety concerns for the exchange’s employees.
While the exchange has not specified the nature of Chen’s alleged personal behaviors and its impact on the team, Cobinhood still noted that it will continue with its operations as per usual.
Following the announcement, Cobinhood team said it would collect user feedback and questions on the matter, claiming that they are going to provide a Q&A session on Wednesday at 8:00 p.m. Taiwan time.
Apart from co-founding Cobinhood in July 2017, Chen also co-founded the Dexon Foundation (DEXON) crypto services platform in January 2018, according to his LinkedIn profile.
In September 2017, Cobinhood announced an initial coin offering (ICO) touted as the “world’s first” zero-fee, high-frequency cryptocurrency exchange. By October 2017, the firm successfully raised $10 million worth of ether (ETH).
Recently, Cointelegraph reported that major crypto exchange Coinbase lost three senior executives in the past six months.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.