According to a written statement from the company’s CEO Delgardalai Dawasambu, crypto trading platform Coinseed has ceased operations. A court order secured by New York Attorney General Letitia James asked Coinseed to cease all of its operations. Following the shutdown announcement, the CEO of Coinseed said that they created an ERC20 token called “FLJ” dedicated to attorney James “and his associates.”
New York Attorney General Letitia James Receives Court Order, Agency Files 170 Complaints
Coinseed Says It Left After Working With The Firm court order To continue “an obligatory pause” on operations. Bitcoin.com News Reported It was during the first week of May when James announced that the Attorney General had taken “legal action” against Coinseed. The forum was also instructed by the US government to “immediately stop” all operations.
The court order obtained by the New York Attorney General (NYAG) and a subsequent press release stated that the shutdown is “to ensure the safety of investors’ funds.” In addition, the NYAG claimed that it received over 170 complaints from investors related to Coinseed operations.
“When platforms operating illegally in New York seek to trade on investors’ money, we will use every tool at our disposal to prevent their illegal actions,” Attorney General James said. “This order mandates a court-appointed receiver before Coinseed and its CEO waste any other investments. We will not allow rogue operators to take innocent investors’ money hostage,” NYAG said.
Coinseed CEO Tells NY Crypto Operators to Run, FLJ Token Created for ‘NYAG and Its Companions’
The company’s CEO Delgerdalai Dawasambu wrote on the website Coinseed.co That the company’s “fatal mistake” was its affiliation with the state of New York. In 2017, Coinseed held an initial coin offering (ICO) and the CEO claims that it was “raised from non-US investors (mostly European) to support Coinseed’s future growth.”
“Immediately on our ICO, they summoned us on the ICO and they have been harassing us continuously for the past 3 years,” the Coinseed executive stressed. she added:
If you are running a crypto business there then run away from New York.
The Coinseed CEO also elaborated that they created a token for “NYAG Letitia James and her Cronies” called FLJ (F*** Letita James). Dawasambu left the address of the FLJ contract and asked people to see it. It will soon be listed on a myriad of decentralized finance (DeFi) platforms and “will be available for trading,” concluded Dawasambu.
“I will also donate some FLJ tokens to the NYAG office – to support their other causes,” the Coinseed CEO said at the end of his letter.
What do you think about Coinseed Shutdown Operations and FLJ Token Airdrop? Let us know what you think about this topic in the comment section below.
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