"Today we announced that NextBlock Global will not be proceeding with a go-public transaction," he wrote. Cryptocurrency venture capital firm NextBlock Global has cancelled its public listing on the Toronto Stock Exchange after misleading investors by claiming well-known industry experts were part of the advisory board when then knew nothing of the project. The company had been listed for a total of $US1 million ($A1.27 million) in an initial coin offering (ICO) that was launched last month. CEO Alex Tapscott said the company would refund investors "their capital in full" and have them participate in any profits. He added that NextBlock Global will also seek to "rebuild the trust of those we have disappointed".
Cryptocurrency venture capital firm NextBlock Global has cancelled its public listing on the Toronto Stock Exchange after misleading investors by claiming well-known industry experts were part of the advisory board when then knew nothing of the project. The company had been listed for a total of $US1 million ($A1.27 million) in an initial coin offering (ICO) that was launched last month. CEO Alex Tapscott said the company would refund investors "their capital in full" and have them participate in any profits. He added that NextBlock Global will also seek to "rebuild the trust of those we have disappointed".