EtherDelta allegedly used in exit scam in China, authorities investigating | CryptoSlate

  • Evidence shows EtherDelta was sold to new owners in China and used in an exit scam.
  • Chinese authorities are allegedly taking legal action against the decentralized exchange, according to documents provided by Dovey Wan , a founding partner at Primitive Ventures.
  • So far, Chinese authorities were able to obtain the stock ownership agreement between Coburn and the buyers, which contains their real names.
  • It remains to be seen the further actions that Chinese authorities will take against the new owners of EtherDelta since Wan highlighted that they tend to have “no mercy” for cryptocurrency related scams.

Read full article: