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Tag: U-Zyn Chua

And Again: Financial Misconduct Allegations Cloud Julian Hosp’s Tenure at Cake!

Singapore resident Julian Hosp, a crypto entrepreneur already tarnished by his association with the defunct crypto venture TenX, is now embroiled in a contentious legal battle concerning his latest enterprise, Cake, as well as its associated crypto platform, DeFiChain (DFI). Uncovered documents expose a rift between Hosp and co-founder U-Zyn Chua, highlighting disputes over financial management, the company's future, and allegations of misuse of company funds.

Investor Warning Against Julian Hosp And His Crypto Schemes Cake DeFi, And DeFiChain!

The self-proclaimed crypto guru Julian Hosp is infamous in the global crypto scene. The former manager at MLM scheme Lyoness before joining the collapsed crypto startup TenX in 2016 or 2017. TenX pulled off an $80 million ICO in 2017, but what happened to the money is unknown. Hosp parted ways with the rest of TenX's founders in a dispute in 2019 and founded Cake DeFi and DeFiChain, which are under fire and regulatory scrutiny. Germany's BaFin announced an investigation in January 2022. We advise investors to be extremely cautious of Julian Hosp and his unauthorized crypto schemes.

Attention! BaFin investigates Cake DeFi of former MLM artist Julian Hosp!

The crypto platform Cake Defi (www.cakedefi.com), founded in June 2019, is backed by well-known Austrian entrepreneur, blockchain expert, and former MLM artist Julian Hosp. Cake Defi provides access to a wide range of decentralized financial services, or short "DeFi," enabling customers to generate returns from their crypto and digital assets. However, BaFin has determined that the company may be conducting unauthorized banking business or financial services in Germany.