Delisting of Puriever (PURE) on Coinone: A Look into the Controversial Cryptocurrency Exchange

On April 24th, Coinone, a South Korean cryptocurrency exchange, announced on April 21st that it would delist Puriever (PURE) because “the results confirmed that the project did not have any cooperative relationships with partners promoted by multiple media, and the project’s official website provided incorrect information to investors.” The issuer of Puriever (PURE) stated that it would file a lawsuit against the exchange in court. It is reported that Coinone is involved in a scandal in which its former employees took bribes and paid coins for the Puriever (PURE) token, and the Puriever project was involved in a “Jiangnan homicide case”. The suspect once lost money after investing in PURE tokens in 2022, or kidnapped and killed one of the management personnel of the Puriever project due to resentment, but the Puriever project party denied the relationship with the victim. （News1）

Coinone, a cryptocurrency exchange in South Korea, delisted PURE tokens on suspicion of false advertising

Cryptocurrency exchanges have seen a steep rise in popularity since Bitcoin emerged as the first decentralized cryptocurrency in 2009. One of the widely known cryptocurrency exchanges, Coinone, has recently sparked controversy by announcing the delisting of Puriever (PURE) on April 21st, citing lack of cooperative relationships with partners promoted by multiple media and incorrect information provided by the project’s official website. This move has led to a lawsuit filed against Coinone by the issuer of Puriever (PURE) in court. Additionally, Coinone is embroiled in a bribery scandal and alleged connection to a homicide case involving the Puriever project. In this article, we delve deeper into the delisting of Puriever (PURE) on Coinone and examine the implications it holds for cryptocurrency investors.

The Delisting of Puriever (PURE)

Coinone, a South Korean cryptocurrency exchange, announced on April 24th, 2022, that it would delist Puriever (PURE) from its platform. The move came after the exchange conducted an investigation into the project and found that Puriever (PURE) lacked cooperative relationships with partners promoted by multiple media and provided incorrect information to investors through its official website. This information was deemed misleading and potentially harmful to investors, who may have invested in the project based on false promises or inaccurate information.

The Lawsuit Against Coinone

Following the delisting announcement of Puriever (PURE), the issuer of the cryptocurrency filed a lawsuit against Coinone in court. The lawsuit alleges that Coinone did not give adequate notice of the delisting, which caused serious damage to the value of the cryptocurrency. Additionally, it claims that Coinone’s actions were politically motivated and driven by other factors, not logically or ethically justifiable.

The Bribery Scandal and Homicide Case

Coinone’s delisting of Puriever (PURE) is not the only scandal the exchange has been embroiled in recently. The exchange is also accused of being involved in a bribery scandal, where former employees were allegedly paid coins for the Puriever (PURE) token. This has led to questions about the credibility and impartiality of the exchange. Additionally, Coinone is alleged to have connections to a homicide case involving the Puriever project. A suspect, who invested in the Puriever token but lost money, allegedly kidnapped and killed a member of the Puriever project’s management team due to resentment.

Implications for Cryptocurrency Investors

The delisting of Puriever (PURE) on Coinone, coupled with the bribery scandal and alleged connection to a homicide case, puts into question the legitimacy and reliability of cryptocurrency exchanges. Investors should conduct their due diligence before investing in any cryptocurrency and not rely solely on the endorsement of exchanges or media promotions. This move by Coinone also highlights the need for more regulation in the cryptocurrency market to prevent such incidents from happening in the future.

Conclusion

In conclusion, the delisting of Puriever (PURE) on Coinone has sparked controversy in the cryptocurrency community. The allegations of bribery and involvement in a homicide case involving the Puriever project have raised concerns about the credibility of cryptocurrency exchanges. Investors should be cautious and conduct their own research before investing in any cryptocurrency. The need for more regulation in the cryptocurrency market is clear, as incidents such as this raise concerns about the safety and legitimacy of cryptocurrencies.

FAQs

1. What is the Puriever (PURE) project?
The Puriever (PURE) project is a cryptocurrency project that was recently delisted from Coinone due to lack of cooperative relationships with partners promoted by multiple media and incorrect information provided to investors.
2. Why did Coinone delist Puriever (PURE)?
Coinone delisted Puriever (PURE) because of its lack of cooperative relationships with partners promoted by multiple media and providing incorrect information to investors through its official website.
3. What are the implications of Coinone’s delisting of Puriever (PURE)?
Coinone’s delisting of Puriever (PURE) raises concerns about the reliability and legitimacy of cryptocurrency exchanges, highlighting the need for more regulation in the cryptocurrency market to prevent such incidents in the future.