Printr will fully refund the community fundraising, and the founder has resigned as CEO.

Techub News, Fed, founder of the cross-chain Meme coin launchpad platform Printr, announced that due to health reasons and the recent crisis of community trust, he has decided to step down as CEO and remain as an advisor. COO and Head of Business Growth Lennon will take over as CEO, while CTO Lea will continue in her role. Fed stated that the previous project Fax used the Printr platform for token issuance and deceived users, leading to a sell-off of tokens within the ecosystem. Although he was not involved in or endorsed the project, he faced significant blame and threats, which severely impacted his mental health. To rebuild trust, Printr will refund all funds raised during the community sale, and participants will receive refund arrangements within 7 days.