According to Foresight News, ParaSpace founder Yubo responded to the Fud rumors in the Twitter Spaces held by Odaily, saying that user assets were not misappropriated, and that the change in funds was to repay the agreement's shortfalls and arrears. Fud was because the communication within the team and the two partners was not in place. The result is that the cooperation method has not been determined. The assets on the platform are currently safe and withdrawals can be made at any time.
Yubo said that Paraspace currently has a dispute with the external marketing team, and the marketing team has temporarily taken control of Paraspace’s Twitter account. The Paraspace team has sufficient operating funds, and core teams such as the development team are still operating normally.