- CatCoin warns BitForex about withdrawing CAT tokens
- Meme-based venture threatens to take authorized motion towards BitForex and Jason Luo
- Catcoin asks Hong Kong police to intervene within the case
CatCoin (CAT), a meme-based community-inspired crypto venture, has warned the BitForex cryptocurrency alternate over the withdrawal of CAT tokens.
In a current publish on X, CatCoin representatives threatened authorized motion towards BitForex and its former CEO Jason Luo.
Based on CatCoin, they’ve tried to contact BitForex a number of instances however haven’t acquired a response. The workforce behind the meme-based venture revealed the publish as a closing discover to the cryptocurrency alternate, demanding that they reply to their complaints through the official electronic mail handle they offered to BitForex.
In the meantime, the CatCoin workforce known as on the Hong Kong police to intervene and take applicable motion towards BitForex and Jason Luo. Moreover, the workforce accused BitForex of damaging the repute of the cryptocurrency business and known as on crypto influencers to deal with the state of affairs.
BitForex went offline in February, lower than a month after Jason Luo stepped down as the corporate's CEO. The crypto alternate was abruptly shut down, leaving customers confused and nervous in regards to the destiny of their property. In his resignation speech, Luo mentioned he would proceed to assist the corporate together with his expertise and information.
The CatCoin workforce believes former CEO Luo remains to be concerned with BitForex regardless of the shortage of exercise from the alternate over the previous few months, claiming he’s accountable for operating the alternate. The alternate's X account has had no exercise since posting “Are we the highest crypto venture of 2024?” on Feb. 21.
Notably, the CatCoin workforce is certainly one of a number of firms affected by BitForex’s unannounced collapse. The cryptocurrency alternate has not offered any concrete causes for its collapse, regardless of a number of complaints, notably on the alternate’s official Telegram channel.
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