CoinVoice has recently learned that on October 25, Chain Detective ZachXBT stated on his social platform that well-known KOL and CEHV partner Adam Cochran posted an article on X on October 22 to promote a Friend.Tech-type social project called cipher.fan, emphasizing that the project is about to be airdropped and claiming to be an angel investor in the project.
However, only one day later, on October 24, cipher.fan suddenly announced that it had decided to cease operations due to business difficulties. Although the project team has stated that it will return the funds of all seed round investors, the shares purchased by users for investment or airdrop purposes have almost returned to zero, causing a large number of users to face financial losses.
In response to ZachXBT’s questioning, Adam Cochran said that he was also very angry about the project’s decision and suffered some losses as a result, but he did not think the project was in a bad mood, and that they just “failed to operate due to excessive costs.” [Original link]
