NFP Token Plunge Coinone Disputes Hack Claim, Launches Probe

  • South Korean crypto exchange Coinone has launched an investigation into the NFP token dispute.

  • The token experienced a 70% dip on Coinone while the price remained steady in global exchanges.

  • Though the NFP Foundation reported a hack, Coinone said the NFP tokens were correctly distributed.

Coinone, a South Korean crypto exchange, has brought in local and Canadian law firms to investigate the NFPrompt (NFP) token dispute. In March, Coinone’s NFP price plummeted 70%, while prices on international cryptocurrency exchanges remained relatively stable. Coinone’s decision to launch a probe comes on the heels of South Korea’s investigation into the AVAIL token.

At the time of this writing, the NFP token is trading at $0.2303, down 5% in the past day. Although it’s down 1.15% over the past week, the token is up 1.91% over the past 30 days. The massive 46% drop in its 24-hour trading volume shows the community’s decreasing interest in the token.

NFP Foundation Alleges Hack, But Coinone Finds No Evidence

Before the token’s unusual price drop on Coinone, the NFP Foundation, the NFP token’s governing body, reported a hack. Afterward, the platform asked glob…

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