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Media outlet Foresightnews reported that the CEX platform has only six months of cash flow remaining and is laying off a large number of employees, to which the latter responded "malicious attack".
On May 30, Foresightnews published a report titled “Caught in the Storm of Public Opinion, What Happened to CEXs?” The article revealed that CEX has almost half a year’s cash flow left on its books, and CEX has recently launched large-scale layoffs, one-third of employees have been laid off, and some IT vendors have been delayed or even terminated. In response, CEX Group issued an official statement in response: “The article published by Foresightnews deliberately misleads the public in an attempt to damage our reputation. This malicious behavior is not only condemnable, but also exposes the capital connections and unethical competitive motives behind it. There is a potential capital link between Foresight News and the OSL trading platform. According to public information, BC Technology, the parent company of OSL, announced in November 2023 that it would accept investment from BGX Group, the actual controller of which is also the founder of Foresight Ventures. Upon completion of the transaction, BGX Group became its largest shareholder with a 29.97% stake in BC Technology. CEX Group hereby declares that all business operations are carried out normally and that business activities are progressing in strict compliance with regulatory requirements. The act of manipulating public opinion through the influence of capital seriously violates business ethics and undermines fair competition in the industry. We strongly condemn Foresight News’ malicious reporting and have launched a full investigation. In addition, CEX Group will take all necessary legal action against the relevant responsible parties to protect our legitimate rights and interests.”