[Xangle Briefing] IOTA Co-founder Sergey Invancheglo Leaves, and Threatens to Sue Founder David Sønstebø for Embezzlement
https://xangle.io/project/MIOTA/disclosures/5e3a19e57cf3afada79c5eed
Former Board Director and Co-founder Sergey Invancheglo submitted his resignation through Twitter, and threatens to take legal action against Chairman and Founder David Sønstebø for embezzlement related to JINN labs, the company that started IOTA. Invancheglo is demanding 25 million IOTA tokens related to JINN labs worth around $7.7M USD.
Sønstebø claims that despite Invancheglo making threats of forking IOTA and suing the foundation, he is willing to give him “all Jinn IP, engineers, advisors, brand, whatever”, and that he’d “split Jinn Labs’ token assets” so that they each get the JINN labs share of tokens on their respective networks, with Invancheglo getting his on the alleged fork.
Xangle had made a ‘Request for Disclosure’ to the IOTA foundation. Today’s Xangle Briefing is based on an official response.
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