Coinone Threatens Legal Action Over Delayed NFP Token Swap

On June 23rd, Coinone issued an official statement regarding the prolonged NFP token swap issue. The events began in March 2024 when the NFP Foundation requested an halt to deposits and withdrawals following hacking issues. Coinone immediately suspended these services to protect customers and repeatedly requested clarification from the Foundation. However, the Foundation only demanded a token swap without providing any explanation, leading Coinone to refuse the partial swap in accordance with its policy to prioritize customer safety. The Foundation also requested sensitive personal data, which Coinone averted due to legal restrictions under domestic law. Coinone has sent about 50 emails seeking cooperation, issued formal letters through legal counsel, and engaged with the community, including attempts to contact external exchanges and law enforcement. Moving forward, Coinone states it will consider legal action if the Foundation remains uncooperative, and it will continue exploring technical and legal solutions while maintaining transparency about progress. Despite their extensive efforts over the past 15 months, the Foundation's lack of clear response has prompted Coinone to prepare for potentially pursuing legal measures if cooperation is not achieved.