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

November 16, 2022
in NFT
Reading Time: 3 mins read
0
SolChicksNFT CEO, COO leaked messages confirm up to $20M treasury fund loss

Recently seeped information appeared on Twitter earlier today exposing a dialogue in between the chief executive officer, William Wu, and also COO, Lewis Grafton of SolChicksNFT– moved over coming from Catheon Games.

Depending on to blockchain investigative, ZachXBT, the seeped information in between Wu and also Grafton particular around $twenty thousand in treasury fund reductions because of the UST failure in Might.

AlsoRead:

Azuki’s Twitter account used to promote fake virtual land mint

NFTs worth millions disappear from prominent Web3 builder’s wallet

Recently seeped information in between the @SolChicksNFT @CatheonGaming chief executive officer and also COO present the job dropped around $20m of treasury funds because of the UST failure in Might 2022 and also determined certainly not to update the area. pic.twitter.com/srzDV19Cpr

— ZachXBT (@zachxbt) November 15, 2022

ZachXBT chose more details relating to the seeped information and also connected to Grafton for remark. Problems started to climb adhering to Grafton’s feedback, clarifying the firm had actually “reviewed and also revealed it along with our biggest personal owners.”

“[We] determined that it remained in the job’s benefit certainly not to create a social news and also danger unneeded worry considered that our team still possess greater than 5 years of path and also our team possess no take advantage of.”

ZachXBT articulated his personal worry, saying that:

“It is actually distressing they presume retail does not require to recognize and also simply huge financiers perform.”

He additionally clarified that this feedback coming from Grafton opposed an inner e-mail that had actually been actually launched due to the firm specifying “primary cutbacks.”

Moreover, ZachXBT clarified that SolChicks were actually included in a string he had actually developed in 2021, highlighting worry for “deceitful advertising and marketing (unrevealed ads/using crawlers) and also unsatisfactory administration.”

Update: Catheon/Solchicks answered and also contacted me a “criminal” pic.twitter.com/KqI3nQicIa

— ZachXBT (@zachxbt) November 16, 2022

In the most up to date upgrade, Catheon Games has actually launched a tweet in feedback to the seeped information “firmly” putting down criminals that have actually seeped “classified firm details to create attention,” and also has actually planned an AMA for 1 pm UTC on Nov. 16.

Our experts firmly punish criminals seeping classified firm details to create attention.

These activities induce true damage and also travesty individuals operating many hrs to introduce and also press the sector onward.

Our complete feedback AMA at 1pm UTC later on today. pic.twitter.com/FMgbiZgiAc

— Catheon Games (SolChicks + 25 others) (@CatheonGaming) November 16, 2022

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