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Greece’s ‘first crypto’ dips 90% as CEO skips town following Ponzi allegations By BTC Peers

by Mike Robinson

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Greece’s ‘first crypto’ dips 90% as CEO skips town following Ponzi allegations

HNC Coin is the first cryptocurrency from Greece. Its value has fallen by more than 90% in just a year since June’s high. It is reported that Vangelis Tapas, its chief executive officer has moved out of town to take his money.

HNC Coin has plunged 75% over the past month. However, Tsapas claims he left Athens for “health reasons” contrary to opinions that he was running away from a crumbling business empire.

The former boss of HNC Revolution has left the city. He is accused of operating a Ponzi scheme and embezzling funds for his basketball team. Additionally, he withheld wages from the Qatari prime minister’s superyacht crew.

Tsapas claims that he had nothing to do the price drop. He instead blamed the media for exposing his exit from crypto company, and making allegations against him.

Even if the price was to be dropped [by selling HNC Coin]As they say, it is impossible for me to do it. It was not possible for me to have this access. The coins are now blocked […]Price of [HNC Coin]It has declined, which is why there are concerns […]When such publications are released, it is natural for their price to drop.

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