Newly leaked messages surfaced on Twitter earlier right this moment revealing a dialogue between the CEO, William Wu, and COO, Lewis Grafton of SolChicksNFT — migrated over from Catheon Gaming.
In accordance with blockchain detective, ZachXBT, the leaked messages between Wu and Grafton element as much as $20 million in treasury fund losses on account of the UST implosion in Could.
Newly leaked messages between the @SolChicksNFT @CatheonGaming CEO and COO present the undertaking misplaced as much as $20m of treasury funds as a result of UST implosion in Could 2022 and determined to not inform the neighborhood. pic.twitter.com/srzDV19Cpr
— ZachXBT (@zachxbt) November 15, 2022
ZachXBT sought out additional data concerning the leaked messages and reached out to Grafton for remark. Considerations started to rise following Grafton’s response, explaining the corporate had “mentioned and disclosed it with our largest personal holders.”
“[We] determined that it was within the undertaking’s finest curiosity to not make a public announcement and danger pointless concern provided that we nonetheless have greater than 5 years of runway and now we have zero leverage.”
ZachXBT voiced his personal concern, stating that:
“It’s disturbing they assume retail doesn’t must know and solely giant traders do.”
He additionally defined that this response from Grafton contradicted an inside e-mail that had been launched by the corporate detailing “main layoffs.”
Moreover, ZachXBT defined that SolChicks had been featured in a thread he had created in 2021, highlighting concern for “misleading advertising and marketing (undisclosed adverts/utilizing bots) and poor administration.”
Replace: Catheon/Solchicks responded and known as me a “dangerous actor” pic.twitter.com/KqI3nQicIa
— ZachXBT (@zachxbt) November 16, 2022
Within the newest replace, Catheon Gaming has launched a tweet in response to the leaked messages “strongly” condemning dangerous actors which have leaked “confidential firm data to generate publicity,” and has scheduled an AMA for 1 pm UTC on Nov. 16.
We strongly condemn dangerous actors leaking confidential firm data to generate publicity.
These actions trigger actual hurt and make a mockery of the folks working numerous hours to innovate and push the business ahead.
Our full response👇AMA at 1pm UTC later right this moment. pic.twitter.com/FMgbiZgiAc
— Catheon Gaming (SolChicks + 25 others) (@CatheonGaming) November 16, 2022
