According to digipro.geenius.ee, an online magazine in Estonia, Europe were DagCoin was founded:
2 weeks ago DagCoin founders Nils Grossberg and Kristjan Ress and 2 others were denied bail and remanded into custody for 2 months.
According to an other online source from Estonia, Postimees, (Google Translate):
In the spring of 2018, four Estonian men created an opportunity to acquire the virtual currency dagcoin. Dagcoin was promoted, among other things, through network marketing and sold on trading platforms created for this purpose.
The suspects gave the impression that dagcoin is a virtual currency whose development and sale process is carried out by independent and reliable persons, but it is suspected that the companies related to dagcoin were secretly managed by two of its creators.
District prosecutor Kristiina Laas explained that, according to the suspicion, the men provided false information in order to sell virtual currency. According to him, the price of dagcoin depended on the number of its users – the more people who accept dagcoin as a means of payment, the higher the price.
“Based on the data collected so far in the criminal proceedings, there is a reason to believe that the suspects have artificially increased the price of dagcoin and the number of