Vangelis Tsapas, a Greek crypto entrepreneur, was blamed for crashing his Hellenic Coin's Market.
As he disappeared this month, the guy at the firm's helm behind what has become known as Greece's first cryptocurrency allegedly forced the coin's price to plummet. The executive had been MIA for approximately two weeks before finally addressing the press that he would be back soon, denying charges that he had destroyed the crypto market.
Investors are concerned about the whereabouts of the coin's creator, which has caused the price of Hellenic Coin to plummet.
Vangelis Tsapas, a person with many business interests, angered investors in a cryptocurrency he created when he mysteriously departed earlier in November.
As he became inaccessible, the price of Hellenic Coin (HNC) plummeted, falling from over $1.20 on November 8 to around $0.34. The stock has dropped significantly after hitting an all-time high of $4.84 on June 14, 2021.