Recently, a disgruntled former worker for Vanbex has made false, damaging claims against the company and its founders. Justifiably, several government agencies have been required to investigate. We support these investigations, and have been fully cooperating with their representatives for several months now. We will continue to do so until they reach their conclusion.

​

While the stories currently being reported in the press contain little new information, they are nonetheless creating concerns among our partners, shareholders, and employees. We hope to address those concerns here.

​

The core allegation is that Vanbex’s business is a fraud -- a shell company with no real product under development. This is completely untrue, and an insult to the hard work of the software developers, marketing experts, and other professionals who are working hard to build the future of blockchain, each and every day. It is completely inconsistent with ascertainable facts.

​

In a message to our staff which was publicly shared this morning, Vanbex founders Lisa Cheng & Kevin Hobbs stated the simple truth, which is that Vanbex has nothing to hide. Our staff have been instructed to be truthful and to speak openly about the work they spend every day doing here.

​

We have retained expert counsel to swiftly deal with these matters, and to clear the name of Vanbex and its founders. Unfortunately, legal proceedings take time, moving at a pace we cannot control.

​

In the meantime, we at Vanbex will continue to work hard and develop innovative products, helping to lay the foundation for blockchain’s future. We are excited for what that future holds, and grateful for the loyalty and trust being expressed by our supportive community in this challenging time.

​

​

https://preview.redd.it/dvsbcxq1exp21.jpg?width=1200&format=pjpg&auto=webp&s=24b874063a352f354c2504d4cec3c81c4dc1fb5c