Coinone CEO Denies Rumors of Selling Shares
CryptoNewsTerminal Staff20 Aug, 2024
Coinone CEO Denies Rumors of Selling Shares
Coinone CEO Rejects Rumors of Share Sale Cha Myung-hoon, CEO of Coinone and its largest shareholder, has dismissed reports that he is considering selling his stake in the company. Rumors had been circulating that Cha, who owns 53.4% of Coinone's shares through his private company, The One Group, was exploring a potential sale. Speculation suggested that Com2us, the second-largest shareholder in Coinone, had expressed interest in acquiring Cha's stake. However, both Coinone and Com2us have denied these claims, labeling them as "groundless." Coinone's denial comes amid a broader effort to reassure investors and maintain market stability amidst recent market volatility.
