One of the top 10 Initial Coin Offerings (ICO) of 2017, TenX has recently done a YouTube live stream in order to address outrage from their community on insider trading that begun appearing around the time their co-founder and former president Julian Hosp left the team. They also discussed their crypto cards, which they have claimed its live in Singapore as of today, with the rest of Asia soon to follow.
“At TenX, we have very strict insider trading rules and policies, especially for executors like myself and Julian. We have a rule that you have to announce to the board before you do any trades. What I can say about these transfers is that we have not received any notification,” said Toby Hoenisch, co-founder & CEO. “There is a statement from Julian that said he has sold some. From the TenX perspective, we have not done any trades in the timeframe from the 21st December until today. In the case of these trades, we also don’t know yet if we will want to pursue anything further.”
During a Q&A with the community, TenX does address current stance they have with Julian on whether he is in any way still affiliated with the project. Hoenisch does admit that Hosp is current one of their shareholder.
“One thing though to add, he’s not involved in day-to-day operations at TenX anymore,” Hoenisch adds.