ChainCatcher reported that according to IT Chosun, Cha Myung-hun, CEO of South Korean crypto exchange Coinone, denied rumors that he was in talks with gaming company Com2uS Holdings about selling part of the company's shares.

As of last year, Cha held a combined 53.46% stake in Coinone through his personal company The One Group and personal holdings. Despite previous speculation that Com2uS would become Coinone’s largest shareholder if the deal went through, representatives from both companies denied those rumors.

Earlier news, Myung-hoon Cha, CEO of South Korean cryptocurrency exchange Coinone, is negotiating with medium-sized gaming company Com2uS Holdings to sell shares in the company.