ParaSpace Founder Claims One Multisig Taken Over by Former Employees Amid Serious Internal Conflicts

Starting this afternoon, rumors began circulating in the cryptocurrency community that serious conflicts had arisen within ParaSpace, and users were urged to temporarily withdraw their assets for safety reasons.

ParaSpace founder Yubo posted on social media that one multisig and the official ParaSpace Twitter account is currently being controlled by former consultants, Thomas Schmidt and Jay Yao, who have released unauthorized and unverified information. Yubo and his team apologize for the confusion caused by this. The ParaSpace team will do its best to resolve this issue quickly.

Previously, the official ParaSpace account stated that the team is currently requesting that founder Yubo remove user funds from the user contract managed by 0x909, transfer all funds and NFTs to ParaSpace's multi-signature account, transfer control and access to all operational services (AWS, DNS Records, etc.), and resign as CEO.