Darren Wang, the founder of Taiwan’s blockchain solutions group OwlTing, criticized the founder of his investment company on social media. The company’s assets were unclear, he engaged in illegal transactions, and he was even sentenced for drunk driving. He was accused of anger. use. Evidence from community discussions seems to point to the cold wallet company – CoolBitX.
Odingding angrily scolded the founder of his investment company: All the money goes into his own pocket and he cannot hand over financial reports.
According to community discussions, OwlTing founder Wang Junkai said on his personal social platform that he needed to express his feelings after holding several board and shareholder meetings. Among them, he revealed that he was also the first investor in the first start-up company he invested in, and he also used his connections and resources to help with financing, but he has not made a dime so far.
Wang Junkai angrily complained that he helped raise hundreds of millions of yuan in the company's first seed round. The company has not released its financial reports for 2021 and 2022 so far.
Wang Junkai continued to say that the founder of the company used one million US dollars of the total investment of US$1,200 in 2018 in the name of buying old shares. He questioned that many former runners returned to their own pockets and did not explain it, and only pretended that they were holding the stocks of many people on behalf of others. He said the company's stock wasn't even worth the wallpaper.
奧丁丁 奧丁丁王俊凱怒斥：違法交易、酒駕判刑
Wang Junkai, the founder of OwlTing, also severely criticized the personal behavior of the company’s founder. He accused the founder of the company of having made many illegal transactions, and he was afraid that if he spoke out, it might cause chaos in the Taiwan currency circle, and no one would trust or invest in Taiwanese people.
Wang Junkai said: "I was very unhappy. I used my money, reputation, and network to make a lot of money for myself. I also bought Boutique. I was sentenced for drunk driving and so on." He believed that the founder had lied to him in person. , he was the most unhappy.
Odinding Wang Junkai warns: If you continue to mess around, I will directly announce your name
Wang Junkai, founder of OwlTing, said that no one of the company’s founder’s investors believes in him. If he continues to mess around, his name will be announced and cast aside by Taiwan’s startup community. "Founders should always put their own interests before shareholders, so that the company has a chance to succeed, do you understand?" Wang Junkai wrote.
The company could be CoolBitX?
In community discussions, Wang Junkai’s claims were pointed to the Taiwanese hardware cold wallet company CoolBitX, but this has not been confirmed and should not be accepted at will.
The inference is based on the following:
Wang Junkai only invested in three companies in his early stage
Wang Junkai calls it "the first startup he invested in." According to public information, Wang Junkai personally revealed only two of his earliest investments: Taiwanese exchange MaiCoin and hardware cold wallet company CoolBitX, and on-chain analysis company BlockSeer. Angel investment in 2015.
Founder’s drunk driving record
According to the Criminal Judgment No. 775 of the Taipei District Court of Taiwan in 2011, there is indeed a man with the same name as the founder of CoolBitX – O Shimai. He was sentenced to two years of probation for drunk driving and committing a public danger crime. Among the founders invested by Wang Junkai in the early days, only Oshimai has been convicted of drunk driving in recent years.
CoolBitX investors are highly connected to Wang Junkai
According to CoolBitX’s public information, its early investment institution is Kyber Capital, which is also an early investor in OwlTing. Subsequently, SBI, a large Japanese financial group, also invested in OwlTing and CoolBitX in May 2018.
Influential figure in Taiwan’s blockchain – Oshimai
CoolBitX is a very early blockchain innovation company in Taiwan. Its thin card is a hardware cold wallet, which is a rare product type in the world. It can be said to be the first brand of hardware cold wallet in Taiwan. Founder Ou Shimai has been voted as an influential figure in Taiwan’s blockchain by specific media many times, and is highly respected by the community.
If such accusations from the community are false, it will have an impact on CoolBitX’s image. CoolBitX has not officially responded publicly before the deadline.
This article, the founder of Taiwanese company Odingding, criticized his investment companies: unclear finances, illegal transactions, and drunk driving sentences. First appeared on Lian News ABMedia.