Cameron Hejazi, founder of Cent, stated that the activities were suspended February 6 due to a spectrum of illegal activity in the NFT marketplace.
it is suspending almost all of its activities due to plagiarism issues. The company, famous for hosting the sale of the first tweet of Twitter founder Jack Dorsey for $2.9 million, recognizes the NFT industry faces problems.Cameron Hejazi, founder and CEO of Cent, told Reuters that the activities on its marketplace have been suspended since February 6. However, the part of the platform dedicated to trading NFTs of tweets is still active.
On the reasons for this suspension, Hejazi stated:There’s a spectrum of activity that is happening that basically shouldn’t be happening – like, legally.He further explained that the company was forced to take a platform-wide approach because each time it banned an account involved in these activities, two or three more would pop up. Hejazi compared this to playing a “whack a mole” game.However, this problem is not exclusive to Cent, which only has 150K users.
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