HashKey Deeply Involved in Public Opinion War! Is the Half-Cash Crisis Real or False?
On May 30th, Foresightnews published an article accusing HashKey of having only enough cash on hand to last for half a year, as well as large-scale layoffs of one-third of its staff and overdue payments to suppliers. The HashKey Group quickly responded, claiming that this was a malicious public opinion war orchestrated by competitor OSL (parent company BC Technology), and disclosed the capital connection between the two: OSL's parent company BC Technology received investment from HashKey's affiliated company BGX Group in 2023, with the latter holding 29.97% of the shares and becoming the largest shareholder.
This "Rashomon" reveals the unspoken rules of the crypto exchange industry: soaring compliance costs lead to financial pressure, while cross-shareholdings exacerbate public opinion battles. Currently, both sides have their own versions of the story, and the truth remains to be revealed by the audit results.
Opportunities and risks coexist in the crypto world. Stay vigilant and seize the right timing is key. I also discovered a short-term soaring project with huge doubling potential! If you want to keep up, click on my avatar to follow me. Ba Tian will share it for free!
