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KuCoin delists Aphelion (APH) following scam claims from community

source-logo  chepicap.com  + 1 more 05 June 2019 21:50, UTC

KuCoin have announced the immediate delisting of Aphelion project (APH) following a report by a concerned community member who posted a report on the project and its CEO Ian Holtz

The report by a community member explains the entire story behind Aphelion and CEO Ian Holtz. Holtz recently announced that the project had stalled due to a "lack of funds" in a recent post. 

The entire article covers some dubious activity by Holtz, who is an American citizen. Ironically, Holtz has since moved himself and his entire family to Bali, Indonesia. It is also worth mentioning that Indonesia has no extradition treaty with the USA. 

According to the report, Holtz has been selling off APH tokens to fund his lifestyle in Bali which looks rather luxurious. 

The CEO has been living it up in Bali while the Aphelion project has seen little to no work being done in 2019. 

Following the recent report on the project, KuCoin have taken steps to delist the project immediately. The announcement by KuCoin states "After some negative information regarding APH project team came to our attention. KuCoin has subsequently conducted market research and in-depth analysis of the negative impact of the APH project. As a result KuCoin would like to announce that Aphelion (APH) tokens will be delisted."

KuCoin Delisting of Aphelion (APH) Project

Read more about the delisting process on:https://t.co/HUmkar7AEF pic.twitter.com/GEPth7i5xR

— KuCoin Updates (@KuCoinUpdates) June 5, 2019

The project will be closed for trading from 8 June 18:00 (UTC+8) and KuCoin has asked clients to withdraw their APH coins as soon as possible. 

APH is currently down 99.54% from ICO price with daily volume of $14,000, with $13,600 of that coming from KuCoin.

chepicap.com

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