CJSC “FourDragons” Faces Potential Liabilities Exceeding USD 200 Million, Considers ICO
Dear Partners, Clients, and Interested Observers,
CJSC “FourDragons” (Bishkek, Kyrgyz Republic) notifies you of newly lodged legal claims that could raise our total liabilities above USD 200 million, largely tied to external allegations regarding missing cryptocurrency assets. In compliance with Kyrgyz regulations governing Closed Joint Stock Companies, we find it necessary to disclose the uncertain and potentially severe impact this matter may have on our financial status.
Should the courts uphold these claims, our ability to meet such obligations would be severely compromised without additional funding. Consequently, CJSC “FourDragons” is weighing the option of tokenizing its claims and launching an Initial Coin Offering (ICO). While we acknowledge the inherent risks and make no assurances of success, we believe this ICO could be our last resort to safeguard the company’s interests and maintain operational continuity.
We plan to release detailed information and participation guidelines for the proposed ICO on our official website and via other channels. We encourage you to follow our updates, while noting that current conditions cast significant doubt on the viability of our endeavor.
Despite these challenges, CJSC “FourDragons” remains committed to legal compliance, basic transparency, and cooperation with all concerned parties. We appreciate your understanding during this critical juncture.
Respectfully, CEO, CJSC “FourDragons”
Contact Information:
Bishkek, Abdrakhmanova St. 170A-19
+996 500 466 545