Why did 1inch release a statement?

1inch said it wanted to clarify that its co-founder was not involved in the company's day-to-day operations during the reported incident.

Was the co-founder managing 1inch?

The company said the co-founder was not involved in the platform's daily management.

No. The company said the matter did not affect its products, operations or users.

The response aims to reassure users and investors that the company's operations continue as normal.

Image for illustrative purposes only. Not a real photo.

Written by Heidi Cuthbert Published Jul 17, 2026, 2:15 AM

1inch said its co-founder was not involved in the company's day-to-day operations during a recent incident.
The statement aimed to separate the business from the co-founder's personal actions.
The response comes as crypto firms face greater scrutiny over leadership and governance.

1inch (CRYPTO:1INCH) said one of its co-founders was not involved in the company's daily operations when the reported incident took place.

The company said the matter was personal and did not affect its business, products or users.

1inch said its leadership team continues to manage the platform independently.

The statement followed media reports linking the co-founder to an unrelated legal matter.

The company said it remains focused on developing its decentralised finance platform and serving its users.

Crypto firms have faced growing pressure to show strong governance and clear separation between company operations and personal matters.

The latest statement highlights how digital asset companies are responding more quickly to protect user confidence during high-profile events.

At the time of reporting, 1INCH price was $0.07207.