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Software Titan Hancom Denies its CEO Has a ‘Crypto Slush Fund’
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The South Korean software giant Hancom Group has angrily dismissed reports that its chairman Kim Sang-cheol has been operating a “crypto slush fund,” and is the secret owner of a token that was listed on the Bithumb exchange just months ago.
Social media groups and some media outlets have featured a transcript allegedly featuring Kim speaking about a company named Arowana Tech, the developer of an altcoin named arowana token (ARW).
Arowana Tech received a large investment injection from the Hancom Group in April and has been working with the group’s Hancom With affiliate on blockchain-powered gold trading platform solutions. Also in April, it appeared to have scored a major coup when ARW was listed on Bithumb, initially at a price of around
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