SolChicksNFT CEO, COO leaked messages confirm up to $20M treasury fund loss

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New­ly leaked mes­sages sur­faced on Twit­ter ear­li­er today reveal­ing a dis­cus­sion between the CEO, William Wu, and COO, Lewis Grafton of SolChick­sNFT — migrat­ed over from Catheon Gaming.

Accord­ing to blockchain detec­tive, ZachXBT, the leaked mes­sages between Wu and Grafton detail up to $20 mil­lion in trea­sury fund loss­es as a result of the UST implo­sion in May.

ZachXBT sought out fur­ther infor­ma­tion regard­ing the leaked mes­sages and reached out to Grafton for com­ment. Con­cerns began to rise fol­low­ing Grafton’s response, explain­ing the com­pa­ny had “dis­cussed and dis­closed it with our largest pri­vate holders.”

“[We] decid­ed that it was in the project’s best inter­est not to make a pub­lic announce­ment and risk unnec­es­sary con­cern giv­en that we still have more than 5 years of run­way and we have zero leverage.”

ZachXBT voiced his own con­cern, stat­ing that:

“It’s dis­turb­ing they think retail doesn’t need to know and only large investors do.” 

He also explained that this response from Grafton con­tra­dict­ed an inter­nal email that had been released by the com­pa­ny detail­ing “major layoffs.” 

Fur­ther­more, ZachXBT explained that SolChicks were fea­tured in a thread he had cre­at­ed in 2021, high­light­ing con­cern for “decep­tive mar­ket­ing (undis­closed ads/using bots) and poor management.”

In the lat­est update, Catheon Gam­ing has released a tweet in response to the leaked mes­sages “strong­ly” con­demn­ing bad actors that have leaked “con­fi­den­tial com­pa­ny infor­ma­tion to gen­er­ate pub­lic­i­ty,” and has sched­uled an AMA for 1 pm UTC on Nov. 16.



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