DUCATO
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DUCATO

[Notice] DUCATO HQ Announcement: Statement from Co-CEO Dong-huyk Lee(David Lee), urging Co-CEO Sang-ho Jung(James Jung) to agree to the token swap procedure for the normalization of Coinone transactions.

Hello. This is Dong-hyuk Lee(David Lee), the co-CEO of Ducato HQ. First of all, I would like to apologize to those who have been directly or indirectly affected by the dispute between me and co-CEO Sang-ho Jung(James Jung).

I have been negotiating through my legal representative to end my relationship with co-CEO Sang-ho Jung(James Jung). From the time of the initial negotiation, I conveyed the opinion to co-CEO Sang-ho Jung(James Jung), ‘Let’s proceed with the token swap procedure for resolving the past leak incident independently of the dispute between the two’, and since then, for 10 days until now, token We have been asking for consent to proceed with the swap process. However, co-CEO Sang-ho Jung(James Jung) has not clearly revealed to me whether he agrees to this so far.

I emphasized to co-CEO Sang-ho Jung(James Jung) that it is more important to organize the token swap process than to negotiate in order to resolve the leak. And I asked him to express his opinion about “for or against(Yes or No)”. However, co-CEO Sang-ho Jung(James Jung)’s position is that consent to the token swap should also be coordinated during the negotiation process, so the originally scheduled negotiation has been put on hold.

Now, the most important thing is to proceed with the token swap as soon as possible to recover the damage to investors due to the Ducato token leak accident that occurred in Delio, which was operated by co-CEO Sang-ho Jung(James Jung). It is to normalize the transaction from accident in August 14, 2021. Ducato HQ has completed all practical preparations for the token swap process.

In addition, I express my regret that Co-CEO Sang-ho Jung(James Jung)’s statement released on October 23, 2021 contains information that is not true. In particular, in relation to the leak of 3.9 million Ducato token (approximately KRW 50 billion based on market price at the time of the leak), neither I nor the Ducato corporation received any money from Co-CEO Sang-ho Jung(James Jung) and Delio.

I urge co-CEO Sang-ho Jung(James Jung) to make a responsible decision as co-CEO of Ducato HQ.

Dong-hyuk Lee(David Lee), the co-CEO of Ducato HQ

The DUCATO Protocols aims at developing an optimized blockchain technology, providing user-centric services, expanding of network participants and developing credible algorithm and decentralized governance for network users profit.

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