IOTA co-founder David Sønstebø publishes a detailed response to Sergey Ivancheglo's public accusations, revealing the split details and asserting that Ivancheglo's divested MIOTA tokens will not be returned.
IOTA founder David Sønstebø addressed Sergey Ivancheglo's accusations in a Medium post, stating CFB had already sold his 25 million MIOTA tokens and that a fair deal was made. Sønstebø dismissed any possibility of CFB returning to IOTA, causing market debates on project governance.
IOTA founder David Sønstebø responds to Sergey Ivancheglo (CFB) demanding 25M MIOTA and resignation, claiming a fair deal was already made and CFB sold his tokens long ago as IOTA continues to grow without him.
IOTA founder David Sønstebø responds to Sergey Ivancheglo's accusations, clarifying that CFB has already sold his MIOTA and left the project. Sønstebø insists the split was inevitable and that IOTA will never be owned by him again.
David Sønstebø publishes a lengthy response to Sergey Ivancheglo's accusations of embezzlement and demand for 25M MIOTA. Sønstebø claims CFB already sold his tokens, and that IOTA has thrived since his departure.
IOTA founder David Sønstebø published a lengthy response to Sergey Ivancheglo (CFB), denying embezzlement allegations and stating CFB had already dumped his 25 million MIOTA tokens. Sønstebø said CFB will never regain control of IOTA, calling his actions 'petulant'.
Sirin Labs, the Israeli manufacturer of the military-grade Solarin phone, has abruptly dropped IOTA in favor of Ethereum for its blockchain phone FINNEY. The decision raised concerns about IOTA's technical flaws, leading to a nearly 17.5% single-day plunge in MIOTA, erasing over $800 million in market cap and threatening its top-10 ranking. The company aims to eventually migrate to a custom blockchain to minimize transaction costs.
Sirin Labs, the Israeli manufacturer of military-grade phones, originally planned to power its blockchain phone FINNEY with IOTA's Tangle technology. However, the company abruptly shifted to Ethereum, triggering market concerns about IOTA's technical flaws and causing a 17.5% crash in MIOTA price on August 7. The price fell to $0.6770, with over $800 million in market cap evaporated in just 10 days. FINNEY will initially use Ethereum private chain and later migrate to a custom blockchain to minimize micro-payment costs.
