Foxconn CEO Distances Self From Purported Crypto Endorsement

The founder of Foxconn, Terry Gou has refuted claims in some quarters that he recommended Investment in cryptocurrency.

Gou who took to his Facebook page to clarify said that he has never invested in cryptocurrencies at any point in time.

“Recently, some unscrupulous businessmen have used the photos of Terry Gou to place virtual currency and other related fraudulent advertisements.

“Terry Gous office has severally condemned this. The move has violated the law.” the post read.

Gou warned the public to be wary of adverts purportedly using his name and pictures to appeal to investors.

The Foxconn chair said that an investigation into the issue has commenced and his lawyers have reached out to the authorities involved.

Although Foxconn recently went into partnership with Google on the implementation of a metaverse project in Taiwan, Gou has always been anti-cryptocurrency, identifying with the speculative nature of the industry.

According to a report by ‘yahoo!finance’, HCM Capital, an investment firm sponsored by Foxconn, is also active in the crypto and blockchain space, with Bitcoin financial services company Unchained Capital and crypto investment management firm Galaxy Digital in its portfolio.


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