Canadian police freezes assets of FUEL token issuers

Canadian police freezes assets of FUEL token issuers

Canadian police have frozen assets of the founders of blockchain consulting firm Vanbex, which raised $22 million in an alleged fraudulent ICO. As per court documents, Vanbex founders Kevin Hobbs and Lisa Cheng claimed to the public that they operated a Vancouver-based cryptocurrency firm, starting from 2017. The firm is actually a shell company that developed no useable products.

Timothy
Timothy
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