Chinese Police Raid Offices of ‘Well Known Crypto Project’

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The police in China have carried out another raid on a cryptocurrency project, sealing up offices belonging to the GXChain (GXC) project. Well-Known 2017 Cryptocurrency Project Targeted by Police Tweeting on Wednesday (September 11, 2019), Primitive co-founder Dovey Wan revealed that the Chinese police has taken action against GXChain. BREAKING Another high profile 2017 ICO project GXChain $GXC just got clamped down by the Chinese police GXChain was a very hot ICO back in the days with ATH market cap over $600M (even now still holds $48M) and considered to be among the very few legit ICOs … — Dovey Wan (@DoveyWan) September 11, 2019 According to Wan, GXChain was one of the major Chinese initial coin offerings (ICOs) in 2017. The project even reportedly amassed an all-time high (ATH) market capitalization of more than $600 million. Chinese authorities did eventually place a blanket ban on ICOs and crypto…

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