Johor, Malaysia Revokes Network School's Business License Founded by Former Coinbase CTO

BlockBeats News, July 21st – According to Reuters, the Chief Minister of Johor, Malaysia, stated on Tuesday that the Johor state government has taken note and fully supports the decision made by the municipal council: to revoke the business license of NS0 Malaysia Sdn. Bhd. (Network School) located in Forest City and to order it to cease all activities starting from July 22, 2026.

He stated that this decision was made in accordance with due process and relevant legal provisions, and after a comprehensive review of enforcement inspection reports, investigation results, and the company's submissions.

Network School had previously attracted widespread attention due to allegations on social media. Some netizens claimed that the project had involved participants from Israel, with Malaysia not having diplomatic relations with Israel.