PANews reported on October 29 that venture capital firm CMS Holdings clarified on the X platform that the company has no relationship with LosCoin and has never heard of LosCoin.

It is reported that LosCoin claims to be a Web3 gaming social platform. It recently announced the completion of US$2 million in financing and stated that the lead investor is the Solana Foundation and that CMS Holdings is included in the list of investors.