Founder of iPhone maker Apple distances himself from crypto fraudsters by using his image

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Terry Gou, founder of Apple iPhone maker Foxconn, on Saturday said fraudsters have used his images to promote cryptocurrency scams and that he has never invested in the crypto industry.

See related article: Foxconn Pledges to Boost Metaverse Development This Year

Fast facts

  • In a Facebook post on Saturday, the Taiwanese tycoon said through his office administration that his lawyers have contacted authorities to investigate the case.
  • Previously in December, Gou said that only an underground economy would embrace cryptocurrency and the crypto market was always mixed with good and bad with great speculation.
  • Foxconn, however, is betting big on the Metaverse. In January, Foxconn’s hardware subsidiary, Ennoconn Corporation, said it had reached an agreement to receive NT$1.1 billion (US$36.7 million). Google investment to cooperate on metaverse projects in Taiwan.
  • In November, Foxconn hosted an online virtual event where Gou appeared as an avatar to demonstrate the company’s e-vehicle and metaverse ambitions.
  • HCM Capital, a Foxconn-sponsored investment firm, is also active in the crypto and blockchain space, with bitcoin financial services firm Unchained Capital and crypto investment management company Galaxy Digital in its portfolio.

See related article: Foxconn’s Terry Gou: Traditional monetary finance cannot be decentralized

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