Foin Token Scheme Locks Up Investors’ Money and Pumps Price
Ana Alexandre's original article for cointelegraph.com reduced by 78%
Foin price spikes leading up to and following acquisitionLooking deeper into Foin's price movements and the companies' operations, Cointelegraph discovered a number of red flags. The deadline to withdraw Foin tokens was set for Dec. 2, 2019.The company stated, "FoPay will NOT be responsible for any failed Foin transfers from FWM as we are not able to follow up and trace any payments and transfers.
Please refrain from asking FoPay questions with regard to FWM because we are not able to answer on behalf of FWM.". Others apparently believed that the Foin price would even slump to zero after Dec. 2.Registrations with regulatorsAccording to Bisnode, a Swiss commercial register and credit rating information source, the Foin Foundation was founded in the country in 2019 and registered as a non-profit organization in the canton of Zug.
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CN [too long; didn’t read]
Summarised crypto news.