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TenX, a cryptocurrency debit card company that raised $ 80 million in an ICO in 2017, announced that his co-founder, Julian Hosp, resigned as president. The statement states that the current CEO of TenX Toby Hoenisch "will lead the business exclusively". TenX has struggled since Visa suspended its card issuer, WaveCrest, in January 2018. Now a year later, TenX continues to declare on its website that the debit card is "coming soon" despite several promises that it would be ready as soon as in Q1 2018.
Hosp's departure comes a month after a video appeared to link Hosp to Lyoness, a company held to be illegal by several courts. The former Hosp affiliation with Lyoness was confirmed by the official Tenx account on Reddit, which said that Hosp was involved "as a member" of Lyoness from the end of 2011 to mid-2015 "and that" the past affiliations of Julian with Lyoness they have no relevance to TenX ".
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