Sam Zuga, the Nigerian cryptocurrency Zugacoin's creator, has responded to various claims, including the inability of merchants and users of the digital currency to make withdrawals.
Zuga described those criticizing his digital currency as "ignorant people" out to smear the project in a lengthy Facebook post.
His remarks come after a slew of online articles condemning the digital currency.
One of those critics is Ophi Rume, a crypto expert who warned investors to be very careful before putting their money into the project.
In defense, the Zuga founder posted on August 25, 2022, denying many allegations including manipulation within the Zugacoin ecosystem.
Zuga's post also explains how the ecosystem works and why some holders may be having problems withdrawing.
He said: "The only challenge is lack of knowledge from the users.
Anyone can withdraw conveniently if the people that are withdrawing are less than the people who are depositing."
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