Yescoin Founder Arrested by Police Amid Repeated Delays in Token Launch

The founder of Yescoin, a tap-to-earn game on Telegram, has apparently been arrested by Shanghai law enforcement. The project still hasn’t launched a token, citing delays due to repeated cyberattacks, and the community is growing restless.

Yescoin’s statement assured users that operations would continue as normal, but it gave very few details about the dispute or criminal charges. Hopefully, everyone involved is acting in good faith, and its token launch will happen on March 31.

Yescoin Founder Arrested Over Dispute

Yescoin, a popular Telegram-based tap-to-earn game, is facing a difficult episode. Since its launch last year, it’s been a trendy platform, onboarding a significant amount of users to The Open Network.

Today, however, Yescoin has encountered legal trouble, as its pseudonymous founder, Zoroo, was arrested by Shanghai law enforcement:

“We regret to inform you that Zoroo, the founder of Yescoin, has been taken away from Hangzhou by Shanghai police due to a dispute with his business partner, OldWang. What began as a business disagreement between partners has now escalated into a criminal case. We would like to assure everyone that Yescoin continues to operate normally,” the firm claimed.

Other than this statement, very few details about the arrest have come to light. Shanghai is nearly 200 kilometers away from Hangzhou and is in a totally different administrative province, so it’s somewhat surprising that the city’s police arrested Yescoin’s founder.

So far, the community doesn’t have any idea what the criminal charges are about.

Yescoin launched in mid-2024 when the tap-to-earn hype was at its peak. The game has over 4 million followers on X (formerly Twitter) and nearly 3 million subscribers on Telegram.

However, unlike Hamster Kombat and other Telegram mini-games, Yescoin has yet to have its token generation event (TGE). The project cited repeated cyberattacks as the reason for the launch delays but maintains that the token will go live on March 31.

On Yescoin’s initial announcement and other social media posts, users professed skepticism about the alleged arrest. Some fans apparently believe that this incident is an excuse to perpetually delay the launch date or is otherwise somehow fabricated.

In other words, this arrest announcement has riled up the Yescoin community. If further delays happen, it could seriously damage the project’s credibility.