Printr will fully refund the community funds raised, and the founder will resign as CEO.

On April 30th, CoinFeed reported that Fed, founder of the cross-chain Meme coin launchpad platform Printr, announced on the X platform that he has decided to resign as CEO due to health reasons and a recent crisis of trust within the community. COO and Head of Business Growth Lennon will succeed him, while CTO Lea will remain in his position. Fed stated that the project Fax previously used the Printr platform to issue tokens and deceive users, leading to a token sell-off within the ecosystem. Although he was not involved or endorsed by them, he received numerous accusations and threats, which severely impacted his mental health. To rebuild trust, Printr will refund all funds raised in the community sale, and participants will receive their refunds within 7 days. Fed will transition to an advisory role.