Express

Former IOTA Lead Developer Threatens Foundation Director With $8.5M Lawsuit

Roland James

Summary: Sergey Ivancheglo, the co-founder and former lead developer of the decentralized network IOTA, has filed a lawsuit for over 25 million MIOTA (over $8.5 million) against IOTA Foundation director David Sønstebø. Ivancheglo announced in a tweet on Feb. 2, that he is contacting his lawyers to obtain the assets from Sønstebø. The former lead developer claims ...

Sergey Ivancheglo, the co-founder and former lead developer of the decentralized network IOTA, has filed a lawsuit for over 25 million MIOTA (over $8.5 million) against IOTA Foundation director David Sønstebø.

Ivancheglo announced in a tweet on Feb. 2, that he is contacting his lawyers to obtain the assets from Sønstebø. The former lead developer claims that he is owed half of the holdings of Jinn Labs, a ternary computing development firm they jointly launched.

By Roland James

Last Update:

Tags: ,,,
Link: Former IOTA Lead Developer Threatens Foundation Director With $8.5M Lawsuit   [Copy]
Next:

Related Articles

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago

    • You need to login to comment.