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23 September 2019

Chinese Authorities Clampdown on Popular ICO Startup GXChain

Chinese Authorities Clampdown on Popular ICO Startup GXChain


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Chinese police reportedly raided the office of a popular and legit ICO company recently, according to a tweet on September 11, 2019.

Co-founder of cryptocurrency company, Primitive Ventures, Dovey Wan, revealed via Twitter that Chinese authorities had raided the office of a popular ICO company in China, GXChain. .

Unlike some known fraudulent ICO exit scams raided by the Chinese police in recent times, what makes the GXChain raid surprising according to the Primitive Co-founder, is that the ICO company has a legitimate business. 

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