HashKey Group is facing serious allegations following a report from media outlet Foresight News, which claimed the company had recently undergone mass layoffs and was experiencing financial distress.
According to the report, approximately one-third of HashKey’s employees were dismissed, payments to some IT suppliers had been delayed or canceled, and the firm had only six months of cash reserves remaining.
The article has ignited concerns across the crypto industry, especially given the competitive climate and increasing scrutiny around compliance and financial sustainability.
HashKey Responds, Labels Report as Malicious Slander
In a swift and strongly worded response, HashKey Group condemned the report, calling it a “malicious smear” campaign aimed at misleading the public and tarnishing its reputation.
The company stated that its operations remain stable and fully compliant, insisting that business activities are progressing without disruption.
HashKey emphasized that the accusations lack factual basis and framed the article as part of a deliberate attempt to harm the firm’s image through misinformation and manipulation of public sentiment.
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Accusations of Capital Collusion Between Media and Competitors
HashKey further escalated the matter by alleging that Foresight News has undisclosed capital ties with one of its competitors, OSL.
Public records indicate that OSL’s parent company, BC Technology, received a major investment in late 2023 from BGX Group.
Notably, Liu Shuai, the founder of Foresight Ventures (affiliated with Foresight News), is also the controlling figure behind BGX Group.
Following this investment, BGX acquired a 29.97% stake in BC Technology, making it the largest shareholder.
HashKey argues that this financial entanglement may explain the motive behind the negative reporting.
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HashKey Vows Legal Action and Industry Integrity Defense
Determined to protect its reputation, HashKey announced it has initiated a comprehensive internal investigation and is preparing to take legal action against those responsible for what it calls defamatory reporting.
The company accused Foresight News and its affiliates of breaching business ethics by manipulating capital and media influence to damage competitors.
HashKey has positioned itself as a defender of ethical standards in the crypto industry and declared that it would not tolerate attempts to destabilize fair competition through underhanded tactics.
Industry Call for Transparency and Fair Competition
In its public statement, HashKey appealed to the broader crypto and blockchain community to resist unethical practices and support fair competition.
The company stressed that capital and media influence should be used to advance the industry, not undermine it through orchestrated attacks.
HashKey urged all industry stakeholders to evaluate news reports with rational judgment and avoid being swayed by biased narratives.
The group concluded by reiterating its commitment to compliance, transparency, and fostering a healthier ecosystem built on trust and integrity.
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