Dear WhiteBIT Users,
In this post, we will provide an explanation regarding the situation with the NLC project.
As you may know, on Friday, March 27th, the (apparently now former) CEO of NLC project has come forward, claiming that the NLC project’s aim is to scam and defraud its users and investors.
We have reacted to this news with great attention, studying both these claims and the response of the current NLC team.
While conducting due diligence and verification process, in order to make sure that NLC meets all the necessary requirements and standards that we at WhiteBIT follow while listing a new asset, the NLC team failed to verify its legal information, as well as the identities of the team members, falsely representing their real personal data.
This, as well as the NLC’s refusal to conduct further due diligence processes and be open about their real identities and nature of their operations, makes us believe that, unfortunately, even after the change of its CEO, NLC continues to raise suspicions in its integrity and openness.
In light of other facts that shall remain confidential, we also have grounds to consider the Agreement between WhiteBIT and NLC null and void, which the NLC team agrees to.
All things considered, we have made a decision not to proceed with the listing of NLC.
We kindly ask our users to be very careful while choosing projects to invest their funds in.
All user requests can be answered via our support channels at https://whitebit.com/support, or by email at support@whitebit.com.
Thank you for your attention and keep safe!
WhiteBIT Team
