The founder of Hellenic Coin denies involvement in the fall of the “first Greek cryptocurrency” – Bits Media

The founder of HNC Revolution, Vangelis Tsapas, who unexpectedly returned after a two-week absence, is going to revive the Hellenic Coin project.

Founder of the first Greek cryptocurrency Hellenic Coin (HNC) Vangelis Capas (Vangelis Tsapas)
came back after that, how he disappeared in early November two weeks. All this time no one knew where he was, so he was fired from the company.

Tsapas did not respond to messages, and Hellenic Coin fell from $1.20 to $0.34. This happened after he reached 14 june 2021 year of historical maximum at $4.84. There were rumors, that Tsapas sold his share of Hellenic Coin, crashed the cryptocurrency and disappeared.

Returning, former CEO of HNC Revolution denied the allegations. Tsapas blamed the project partners for everything and announced, that he will soon return to the leadership of the company. According to him, The reason for the sharp fall of Hellenic Coin was media reports.

“I did not participate in this fall because, that I have never sold a single coin. I don't have them because, that last Friday I translated everything for free, without taking a single euro".

Tsapas added, is in talks with a new management team, to revive the project. He explained his departure from Athens by serious health problems. Tsapas stated, that his disappearance is not connected with the fact, that he was allegedly summoned by the prosecutor and, on the advice of his lawyer, left the capital of Greece.

Meanwhile, the current management of HNC Revolution Coin denied his statement and reported, that Vangelis Tsapas is no longer heading the project. The published statement emphasizes, that after recent events Tsapas is no longer CEO and is no longer involved in decision making, related to the use and development of cryptocurrency. Greek law enforcement authorities have launched an investigation to identify those responsible for the incident and establish the fact of cryptocurrency fraud.

Earlier this month, the developers of the new AnubisDAO project held a token sale, during which they collected $60 millions, after which they withdrew all the money and closed their accounts on social networks. After this, the ANKH rate collapsed to zero, and investors were left with nothing. Recently, the CEO of the IDAX exchange disappeared along with access to the cold wallet. As a result, users have been unable to withdraw assets from the trading platform for the past few weeks..