The Premier League football club Manchester City suspended its partnership with a start-up crypto company after apparently failing to conduct due diligence before signing the contract.

According to “Daily Mail” reporter Jack Gaughan (Jack Gaughan), Manchester City is currently “further investigation” 3key Technologies, the company’s cooperation with the club’s cryptocurrency company Inking An agreement was reached on November 12.At that time, the football club Said It will work with 3key as a regional partner to raise awareness of its reported decentralized finance or DeFi transaction analysis products.

Manchester City suspended its cooperation with “3Key”, a start-up cryptocurrency company whose executives did not appear to appear in Internet searches. The partnership was announced last week. pic.twitter.com/Hi02Z2IxAR

— Jack Gaughan (@Jack_Gaughan) November 19, 2021

However, according to the Guardian, after searching online, it is reported that Manchester City is withdrawing from the agreement. disclose Company executives have almost no digital footprint, and the information provided does not seem to be verifiable. Cointelegraph was unable to find Ryan Hodder’s contact information. He was appointed as 3key’s chief marketing officer in the announcement.

Guardian reporter Paul McGinnis said: “The closest person to verifying the information is a photo of a man in a plaid suit with a ginger beard. He may or may not be 3Key’s’chief growth strategist’ Jacob Kay. Yep.”

Although 3key may be a company that provides legal services in the DeFi field, and its executives just choose to keep a low profile online, the lack of available information is still questionable.Many high-profile figures have been Defrauded to promote scam token projects During the 2018 ICO boom, actor Steven Seagal and boxing promoter Floyd Mayweather were included. However, it is unusual for organizations like the Premier League Football Club to publicly announce partnerships with relatively unknown companies in the crypto space, and then exit quickly without any explanation.

related: Animoca Brands signs with Manchester City to purchase games and collectibles

According to reports, Manchester City is the sixth most valuable football club in the world, with an estimated value of 4 billion U.S. dollars. according to To Forbes. In addition to the 3key agreement, the club also announced in March that it would cooperate with the fan interactive platform Socios.com. Launch fan token On the Chiliz blockchain.