There is unrest in Julian Hosp’s inner circle.

Rumors in Julian Hosp’s Inner Circle: Bitcoin a Controversial Topic

In the crypto scene, Julian Hosp is often seen as an ambivalent figure. Now things are buzzing behind the scenes of the fintech Cake Defi, which Hosp co-founded. This is because the management concept causes internal disputes. Bitcoin plays an important role in this.

With Cake Defi, Julian Hosp and his partner U-Zyn Chua have been directing a project since 2019 that pushes into the booming business of decentralized finance (DeFi). Cake Defi is registered in Singapore, and Hosp presents itself there as a platform for people who are intimidated by the complexity of other DeFi devices.

Cointelegraph received information that the current direction of Cake Defi is causing irritation within the leadership circle. Hosp and Chua, as CEOs, face allegations that Cake Defi is moving away from the originally set goals. Specifically, they are accused of concentrating more on offering centralized financial services than on solutions from the decentralized world. Cake DeFi’s look at internal chat logs that were shared with Cointelegraph suggests a rift between the two founders. Bitcoin plays a role in this, and the question is whether it should play an important role in Cake Defi’s portfolio.

Julian Hosp himself made a name for himself in the past as a Bitcoin proponent, which is why there is internally also the question of how the tense situation arose. Publicly, this has a rather limited impact on Cake Defi at present, many customers apparently fail to discuss it. However, the company is in competition in the DeFi business and currently sees itself challenged on various fronts – such as by offerings on Binance Smart Chain, which is attracting more and more customers.

How it will continue with Cake Defi will likely depend on whether the conflicts in the lead can be resolved quickly. For now, Hosp in an interview defended the current strategy and stressed that he would continue to rely on customer-friendly services. Various scenarios are conceivable – from a consistent realignment of Cake Defi to silence and continued pursuit of the current path without controversy.