Home Crypto First Greek Cryptocurrency “Hellenic Coin” Collapses Executive Missing — Greek City Times

First Greek Cryptocurrency “Hellenic Coin” Collapses Executive Missing — Greek City Times

First Greek Cryptocurrency “Hellenic Coin” Collapses Executive Missing — Greek City Times

The man who was on the firm’s wheel behind what’s grow to be referred to as Greece’s first cryptocurrency has allegedly brought about the coin’s value to sink as he disappeared this month.

The government was off the radar for about two weeks earlier than lastly telling the press he would quickly return, rejecting allegations he had crashed the market of the cryptocurrency Hellenic Coin.

Vangelis Tsapas, a Greek Businessman with pursuits and a backer of a basketball crew in Greece, upset buyers in a cryptocurrency he based when he abruptly disappeared earlier in November.

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Vangelis Tsapas

The value of Hellenic Coin (HNC) plunged as he turned unavailable – from over $1.20 on Nov. 8 to beneath $0.364949 at writing. That’s after touching its all-time excessive of $4.84 on June 14, 2021.

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First Greek Cryptocurrency “Hellenic Coin” Collapses government lacking 4

Despite the HNC Coin clearly beginning to lose worth after Mr Tsapas stopped answering his cellphone, he has lately rejected allegations he has brought about the drop by promoting his cash.

Speaking to the Proto Thema newspaper this week, the “ghost” businessman insisted he had truly given away the Hellenic crypto totally free, blamed his shut associates for the “noise” and introduced he’ll quickly return to his enterprise obligations.

Claiming media reviews are have been chargeable for the plummeting value, he insisted his absence didn’t play any function and mentioned

It’s falling, all proper, by which I, in fact, haven’t any involvement. Because I’ve by no means bought a single cryptocurrency. I would not have any, as a result of I transferred every little thing final Friday totally free, as I’ve the precise, with out taking a single euro.

Vangelis Tsapas

Tsapas added he’s holding talks with a brand new administration crew to make sure the viability of the crypto. Meanwhile, HNC Coin’s present management has refuted him and knowledgeable the general public that he’s not heading the venture anymore.

A delivered assertion highlighted that following the current occasions, Tsapas is now not the CEO and isn’t concerned in decision-making relating to the cryptocurrency’s operation and growth.

In the interview with Proto Thema, meant to “restore the reality,” Vangelis Tsapas cited

“severe well being causes” for his non permanent retreat out of Athens and public sight however he additionally mentioned he took the step on recommendation from his lawyer. “By the way in which, I’ve not been known as by a prosecutor for any cause,” Tsapas identified.

The newspaper notes that Greek legislation enforcement authorities have been discreetly monitoring developments within the case.


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