Yescoin founder arrested in Shanghai after a business dispute, but the project claims it will continue to operate normally.
Founder of the tap-to-earn game Yescoin arrested in Shanghai
Zoroo, the anonymous founder of the Telegram web3 mini-game Yescoin, is said to have been arrested by the Shanghai police after a dispute with a business partner.
However, the project claims that Yescoin will continue to operate normally.
— Yescoin (@Yescoin_Fam) March 7, 2025
"A dispute over a business deal between partners has now escalated into a criminal case. As a member of the web3 community, we deeply regret this incident, as it undermines consensus and peace.
We are saddened by the disruption caused by this event, but assure everyone that Yescoin will continue to operate normally."
Yescoin is a Swipe-to-earn game built on the TON blockchain platform. Since its launch, Yescoin has quickly become popular, attracting over 18 million players and more than 10 million members in the Telegram community.
In the game, players need to swipe the screen to collect Yescoin and earn rewards. The game offers players different tournaments, including Bronze, Silver, Gold, Platinum, and Diamond. In addition, players will be able to unlock advanced features to earn more points in the game.
Yescoin has attracted attention by launching at the right time when the tap-to-earn trend was booming on Telegram. With leading projects like Notcoin (NOT) and Hamster Kombat (HMSTR) already having their TGE and being listed on major exchanges including Binance, Yescoin also has plans to launch its Token.
However, the project's target of 30 million users for Token Issuance seems quite far-fetched, as the tap-to-earn trend has quickly faded, and it is now difficult for Yescoin to maintain its momentum. Users may be attracted to newer and more innovative game projects, making it challenging for Yescoin to sustain its growth.
The mini-games that have launched Tokens are also not performing well, with the price of NOT dropping more than 90% from its ATH, and Hamster Kombat losing 260 million players in just 3 months.
NOT price movement since listing, screenshot from CoinGecko at 01:30 PM on 08/03/2025
HMSTR price movement since listing, screenshot from CoinGecko at 01:30 PM on 08/03/2025
Compiled by Coin68
