Xone Chain Issues Public Statement to Address False Allegations of Huione Connection

Xone Chain has issued a formal statement categorically denying any connection to Huione, following rumors circulating on social media platforms that attempted to link the two blockchain entities.

After conducting an extensive internal review of governance records, public filings, and blockchain data, the Xone team confirmed that no relationship exists between the organizations. Industry analysts and data verification specialists have found no evidence of shared infrastructure, funding mechanisms, or governance links between Xone and Huione.

“These rumors appear to have originated from unverified social media commentary rather than credible sources,” a spokesperson for Xone Chain stated. The company emphasized that all claims suggesting a connection are entirely unfounded.

Xone Chain operates as an independent Layer-1 blockchain network under XONE Network Ltd., a British Virgin Islands-incorporated entity. The company maintains Local Operating Entities across various jurisdictions to ensure regulatory compliance and facilitate transparent community participation. All operational, financial, and governance activities are publicly documented through official compliance bulletins and network repositories.

The blockchain project has implemented a robust Compliance Framework that establishes clear boundaries for jurisdictional participation, brand usage, and disclosure requirements—a system designed to ensure lawful, auditable operations throughout its ecosystem.

In addressing the allegations directly, Xone highlighted the transparency of its codebase, validator network, and governance systems. A comprehensive on-chain review revealed no wallet interactions, developer signatures, or governance votes connecting Xone to any organization associated with Huione. The company noted that its public blockchain repositories and compliance filings are independently verifiable, reflecting a development model that is open, audited, and community-driven.

The confusion may stem from Xone’s growing prominence in the blockchain space. The platform has gained attention for its EVM-compatible, Cosmos SDK-based hybrid architecture that delivers fast finality, privacy protection, and scalability. These technical advantages have made Xone increasingly popular among developers and institutions.

“Our growth is entirely organic and transparent, achieved through verifiable technical progress and open community participation,” the Xone team stated. The company’s architecture combines elements from both Ethereum and Cosmos ecosystems, positioning it as a versatile platform for decentralized applications.

The blockchain industry has witnessed similar confusion in the past, where projects with comparable technological approaches or naming conventions have been mistakenly associated. This phenomenon has become more common as the sector expands and diversifies, with hundreds of blockchain projects now operating globally.

Xone has urged media platforms, researchers, and social commentators to verify claims using official, publicly available data before publication. This appeal comes amid growing concerns about misinformation in the blockchain space, where rumors can significantly impact market perception and project credibility.

The timing of this clarification is particularly significant as Xone continues to expand its developer ecosystem and institutional partnerships. Unsubstantiated associations could potentially undermine trust in the platform at a critical growth stage.

Xone maintains an active presence across multiple channels, including its official website (xone.org), Telegram community, and Twitter/X account, where stakeholders can access verified information about the project.

The company reaffirmed its commitment to transparency, regulatory compliance, and sustainable blockchain innovation as it continues to develop its technology stack and expand its global footprint in the increasingly competitive Layer-1 blockchain market.