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Korean Cyworld cryptocurrency scandal, making another coin despite of problems going on?
Cyworld (싸이월드) is a Korean Facebook-like platform which had more than 40M users
en.wikipedia.org
June 2020, Cyworld ended its service
March 2021, CyworldZ acquired Cyworld
www.ajunews.com
September 2020 Betalabs launched CyClub (CYCLUB)
January 2022, Betalabs launched CyDotori (DOTR)
coinmarketcap.com
Dec 2021, Betalabs CEO Ho Kwang Kim was a co-founder and co-CEO of CyworldZ but was dismissed
www.newsis.com
Currently, Betalabs and CyworldZ are still having a legal battle about Cyworld’s ownership
Problems for investors though:
1. CyworldZ received around 129M CyClub (CYCLUB) tokens from Betalabs for Cyworld’s co-ownership and sold 1/3 (43M) of CYCLUB.
www.coindeskkorea.com
2. When CyClub (CYCLUB) price hit its peak, it went down dramatically. It is estimated that CyworldZ made $5.24M ~ $12.24M from selling 43M CYCLUB.
3. Nevertheless of the profit they made and the legal battle going on between CyworldZ and Betalabs, CyworldZ announced that they will make new Cyworld cryptocurrencies named Dotori (DTR) and CyCON (CYCON).
4. CyCON is just a named changed crypto named CONUN that is listed in Bithumb exchange already.
Their whitepaper is https://conun.io/whitepaper
5. It is said that CyworldZ is selling Dotori (DTR) saying that it will be listed on MeXC exchange and Binance exchange. Recently, DTR listing was postponed in MeXC.
It is your freedom to trade but just be aware of these situations if they approach you for a pre-sale or something.
Cyworld (싸이월드) is a Korean Facebook-like platform which had more than 40M users
Cyworld - Wikipedia
June 2020, Cyworld ended its service
March 2021, CyworldZ acquired Cyworld
새 주인 찾고 부활 노리는 싸이월드, 영욕의 21년 [아주경제 차트라이더] | 아주경제
엔터테인먼트 기업 스카이이앤엠 등 5개 기업이 합작해 설립한 법인인 ‘싸이월드 제트(Z)’가 전제완 싸이월드 대표로부터 서비스 운영권을 10억원에 인수했다.10억원은 전 대표가 직원들에게 체불한 임금 액수이기도 하다. 프리챌 창업자이기도 한 전 대...
www.ajunews.com
September 2020 Betalabs launched CyClub (CYCLUB)
January 2022, Betalabs launched CyDotori (DOTR)
Cyclub price today, CYCLUB to USD live price, marketcap and chart | CoinMarketCap
The live Cyclub price today is $0.0001469 USD with a 24-hour trading volume of $5,525.32 USD. We update our CYCLUB to USD price in real-time.
coinmarketcap.com
Dec 2021, Betalabs CEO Ho Kwang Kim was a co-founder and co-CEO of CyworldZ but was dismissed
싸이월드제트, 손성민·김태훈 각자대표 체제로 전환(종합)
[서울=뉴시스] 이진영 기자 = '싸이월드' 운영사 싸이월드제트 대표가 손성민·김호광 각자 대표 체제에서 손성민·김태훈 각자 대표 체제로 전환한다
www.newsis.com
Currently, Betalabs and CyworldZ are still having a legal battle about Cyworld’s ownership
Problems for investors though:
1. CyworldZ received around 129M CyClub (CYCLUB) tokens from Betalabs for Cyworld’s co-ownership and sold 1/3 (43M) of CYCLUB.
싸이월드 코인 54억원은 도대체 누가 처분했나
'싸이월드 코인'으로 유명한 CYCLUB(싸이클럽)이 지난해 10월~11월에 12차례에 걸쳐 거래소 지갑(거래소가 가상자산 거래를 위해 운용하는 지갑)으로 54억원가량 이동한 것이 확인됐다.통상 코인을 가장 많이 보유하고 있는 지갑에서 거래소 이용자 계정 지갑을 거쳐 거래소 지갑으로 다량의 코인이 이동하면 발행사가 코인을 현금화해 이익을 챙겼을 가능성이 높다고 추정한다.이러한 통계는 가격이 전월 대비 5배 이상 오른 11월에 나타났고, 싸이월드 운영사인 싸이월드제트가 CYCLUB을 처분했을 수도 있다는 의혹이 있었다는 점에서 주목된
www.coindeskkorea.com
2. When CyClub (CYCLUB) price hit its peak, it went down dramatically. It is estimated that CyworldZ made $5.24M ~ $12.24M from selling 43M CYCLUB.
3. Nevertheless of the profit they made and the legal battle going on between CyworldZ and Betalabs, CyworldZ announced that they will make new Cyworld cryptocurrencies named Dotori (DTR) and CyCON (CYCON).
4. CyCON is just a named changed crypto named CONUN that is listed in Bithumb exchange already.
Their whitepaper is https://conun.io/whitepaper
5. It is said that CyworldZ is selling Dotori (DTR) saying that it will be listed on MeXC exchange and Binance exchange. Recently, DTR listing was postponed in MeXC.
It is your freedom to trade but just be aware of these situations if they approach you for a pre-sale or something.
