Chinese Police Reportedly Close Office of ICO Startup

Chinese Police Reportedly Close Office of ICO Startup

Gate Trade News Wednesday, September 11, 2019 102 13

Chinese Police Reportedly Close Office of ICO Startup

 

The offices of Chinese initial coin offering (ICO) startup GXChain have reportedly been closed by the local police.

 

On Sept. 11, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — tweeted a photo of an office taped closed (presumably by Chineseگ police) and announced that GXChain “got clamped down by the Chinese police.” She also said that she believes the project to be notable and legitimate:

 

“GXChain was a very hot ICO back in the days with ATH market cap over $600M (even now still holds $48M) and considered to be among the very few legit ICOs.”

 

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