Yescoin Founder Detained by Authorities

The founder of Yescoin, a popular tap-to-earn game operating on Telegram, has reportedly been arrested by police in Shanghai. This incident comes amidst multiple delays in the game's token launch, attributed to ongoing cyberattacks, which have caused frustration among the community.

While Yescoin’s statement reassured users that standard operations would continue, it provided scant details regarding the circumstances surrounding the founder's arrest or any criminal allegations. The community hopes that the project remains viable and that the token will be launched as planned on March 31.

Legal Complications for Yescoin

Yescoin has gained considerable traction since its inception last year, attracting a diverse user base to The Open Network. However, the recent arrest of its pseudonymous founder, Zoroo, poses a significant challenge to its credibility. According to the company’s statement, Zoroo was taken into custody due to a dispute with his business partner, OldWang, which escalated from a mere disagreement into a legal matter.

“We regret to inform you that Zoroo, the founder of Yescoin, has been taken away from Hangzhou by Shanghai police due to a dispute with his business partner, OldWang. What began as a business disagreement has now escalated into a criminal case. We would like to assure everyone that Yescoin continues to operate normally,” the firm announced.

The specifics of the arrest remain unclear, especially considering Shanghai is nearly 200 kilometers from Hangzhou, where Yescoin is based. As it stands, the community is left in the dark regarding the details of the charges.

Pending Token Launch

Yescoin first launched in mid-2024 when interest in tap-to-earn games surged. Currently, it boasts over 4 million followers on X (formerly known as Twitter) and nearly 3 million subscribers on Telegram. Unlike other popular Telegram games, such as Hamster Kombat, Yescoin has yet to conduct its token generation event (TGE).

The project has reiterated that cyberattacks are the primary reason for the delays. Nonetheless, the assurance that the token will still go live on March 31 has not quelled skepticism. Many community members have voiced doubts about the legitimacy of the arrest and speculate that it might be a tactic to further postpone the token launch.

The news of the arrest has undoubtedly stirred unrest within the Yescoin community. If more delays were to occur, they could potentially damage the project’s reputation and future prospects.