ParkByte to be delisted on Bittrex

ParkByte reported that its coin is going to be delisted on Bittrex exchange platform effective on April 6 due to regulation incompliance
01 April 2018   1288

ParkByte has announced that its native token PKB will be delisted on Bittrex exchange effective on April 6. ParkByte Ltd. regretted the decision stating that it is powerless to control third-party companies actions. Bittrex actually contacted ParkByte a month earlier with a request to pass the regulation compliance and complete a full review. Naturally, the process required a lot of legal documents and detailed analysis on PKD to be submitted to the exchange in accordance with the recent SEC rulings. ParkByte failed to make it in a 7-day period, as was assigned by Bittrex.

The delisting ultimately is due to Bittrex strictly adhering to US regulations, and many other coins are expected the same fate. Nevertheless, ParkByte is still an active project led by a one-person dev team. ParkByte has grown into a big project and no money were taken from the project by the developer, thus it will take time to pay the bills.

At the time of the publication, the market indicators of ParkByte are as follows:

Average price: $0.101102

Market cap: $481,653

Volume (24H): $11,376

Bittrex to Cancel RAID Crowdsale

The official reason was cancelation of the strategic partnership between the RAID project and the OP.GG company
15 March 2019   233

Bittrex International Cryptocurrency Exchange announced the cancellation of the first IEO on its platform. The official reason was cancelation of the strategic partnership between the RAID project and the OP.GG company. Representatives of the trading platform felt that in such a situation holding a tokensale contradicts the interests of investors.

Another reason for Bittrex decision could be an investigation published on Coinspeaker.

So, it turned out that the Singapore company issuer ONERAID PTE. LTD is not in the official register of legal entities from the Singapore company regulatory authority (ACRA). At the same time, several company names contain the word “Raid”: one sells alcohol, the other sells clothing and accessories. A few more are registered before 2010 and seem inactive.

It is noteworthy that any information about the company is missing in Google. Also no LinkedIn and Facebook accounts of founders were found. The founder of OP.GG Cheonwoo Park, whose company, according to Forbes, attracted 32 million active users in 30 countries, could not be found in social networks.

OP.GG has stopped all potential business discussions related to RAID project and there will be no economic and technical cooperation with RAID coin.
In addition, OP.GG has no intention of developing any blockchain related business utilizing RIOT GAMES data.
OP.GG will take all possible legal measures against individuals or organizations disseminating false facts related to this.
Thank you.

OP.GG Website

At the same time, the project’s Twitter itself says that it has nothing to do with RIOT GAMES.

At the same time, all the names of the co-founders are South Korean. The fact that the non-existent Singapore company most likely did not hire a single Singaporean also seems strange.

In light of the opening facts, the decision to change the XRD ticker to RAID also looks suspicious. It was probably taken in a hurry, since the RaidOfficial Twitter account has already existed since May 2010.