One of the Big Names in the Cryptocurrency Industry Allegedly on the Brink of Bankruptcy: Rapid Denial from the Company

HashKey Group, which operates in the cryptocurrency and blockchain sector, is on the agenda with the allegations made about it.

A report titled “Amid the Public Opinion Storm: What Happened to HashKey?” by Foresight News claimed that the company only has about six months of cash flow left in its coffers and recently laid off a third of its staff. The report also alleged that some of its suppliers were experiencing delays in payments or had their contracts terminated.

In response to these claims, HashKey Group issued a harsh statement. The company stated that the news in question was intended to deliberately mislead the public and was a “malicious attack” aimed at damaging their reputation. The statement included the following statements:

“The published article was prepared with the aim of misleading the public and damaging our reputation. Such malicious behavior is not only condemnable, but also reveals the capital connections and unethical competitive motivations behind it.”

HashKey drew attention to a possible capital connection between Foresight News and the trading platform OSL. According to the company's statement, OSL's parent company BC Technology received investment from BGX Group in November 2023. It was stated that the de facto controller of this group is also the founder of Foresight Ventures, and with the investment in question, BGX Group became the largest shareholder in BC Technology with a 29.97% share.

HashKey Group argued that all business operations are carried out in accordance with regulatory requirements and that its activities are progressing steadily. The statement also stated that the effort to manipulate public opinion through capital influence is incompatible with commercial ethics and harms fair competition in the sector.

*This is not investment advice.