MCN Coin Founders Secure $2.5 Million Investment, No Plans for Refund
Bishkek – 24.kg news agency
Virtual assets MCN Coin founders refuse to return $2.5 million collected from citizens
The founders of virtual assets MCN Coin have collected $2.5 million from citizens, but they do not plan to return the money. One of the organizers, Isradin Subanbekov, revealed this information to Ala-Too 24 TV channel after his arrest.
Isradin Subanbekov, along with Ryskul Bolotbekov, and Mukhtar Begmat uulu, created the “cryptocurrency” guided by the former head of the State Service for Supervision over the Financial Market, Yuruslan Toichubekov. Isradin Subanbekov admitted that before creating MCN Coin, he did not have a stable job and was involved in the resale of goods.
“MCN Coin has been in operation for a year and a half. It does not have its own blockchain. We somehow got listed on the stock exchange and worked for personal interests. During this time, I bought a Lexus 570 and an elite apartment. In total, we received about $2.5 million in profit,” he stated.
Isradin Subanbekov emphasized that they are unable to return the money invested by people and warned citizens not to trust MCN Coin, as “this crypto exchange” could vanish overnight.
The State Committee for National Security has not yet issued a statement regarding the detention of the founders of the controversial virtual assets.
Previously, the State Service for Supervision over the Financial Market cautioned citizens against investing in the virtual asset MCN Coin, which is not registered with the state and is not listed in the relevant registers. It has provided all necessary information and documents on this matter to the State Committee for National Security.
