Post
Topic
Board Altcoin Discussion
Cofound.it is shutting down operations
by
PrinceKael
on 14/09/2018, 14:17:41 UTC
Sorry to be the bearer of bad news to holders, however in a shock surprise (at least to me) - they've made an announcement on their blog that they're winding down operations, redistributing assets back to the community and CFI trading activity will be halted at Friday, September 14 at 12:00 CET.

https://blog.cofound.it/closing-cofound-it-as-crowdfunding-market-disappears-and-presenting-good-practice-for-icos-796db5e001b8

Anyone with more knowledge on the situation that can chime in? Was this a long time coming or a big shock?

How will the be redistributing assets? Is it possible that insiders sold right before the announcement?

EDIT: There's been another update and with more info on the redistribution of assets:

https://blog.cofound.it/introduction-roadmap-af329fa2c9f3