One of the most popular social platform suddenly closed down without any prior notice. To give you a background about Cyworld, they have 13 million subscribers and users in South Korea. It is a social media network that connects people through a cyber word like facebook.
Cyworld created their own crypto coin called CLINK and since there are so many subscribers, they also have massive investors. Local exchanges related to clink are now considering delisting the coin and their website is unaccessible, too.
Investors have a great losses after the immediate closed. After 96% decreased and crashed of CKT, the company started to delay half of the emloyees salary.
Ref:
Code:
https://cointelegraph.com/news/sudden-cyworld-shutdown-puts-clink-crypto-investors-at-risk-report