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

2 years ago

Newly leaked messages surfaced connected Twitter earlier contiguous revealing a treatment betwixt the CEO, William Wu, and COO, Lewis Grafton of SolChicksNFT — migrated implicit from Catheon Gaming.

According to blockchain detective, ZachXBT, the leaked messages betwixt Wu and Grafton item up to $20 cardinal successful treasury money losses arsenic a effect of the UST implosion successful May.

Newly leaked messages betwixt the @SolChicksNFT @CatheonGaming CEO and COO amusement the task mislaid up to $20m of treasury funds owed to the UST implosion successful May 2022 and decided not to pass the community. pic.twitter.com/srzDV19Cpr

— ZachXBT (@zachxbt) November 15, 2022

ZachXBT sought retired further accusation regarding the leaked messages and reached retired to Grafton for comment. Concerns began to emergence pursuing Grafton’s response, explaining the institution had “discussed and disclosed it with our largest backstage holders.”

“[We] decided that it was successful the project’s champion involvement not to marque a nationalist announcement and hazard unnecessary interest fixed that we inactive person much than 5 years of runway and we person zero leverage.”

ZachXBT voiced his ain concern, stating that:

“It’s disturbing they deliberation retail doesn’t request to cognize and lone ample investors do.”

He besides explained that this effect from Grafton contradicted an interior email that had been released by the institution detailing “major layoffs.”

Furthermore, ZachXBT explained that SolChicks were featured successful a thread helium had created successful 2021, highlighting interest for “deceptive selling (undisclosed ads/using bots) and mediocre management.”

Update: Catheon/Solchicks responded and called maine a “bad actor” pic.twitter.com/KqI3nQicIa

— ZachXBT (@zachxbt) November 16, 2022

In the latest update, Catheon Gaming has released a tweet successful effect to the leaked messages “strongly” condemning atrocious actors that person leaked “confidential institution accusation to make publicity,” and has scheduled an AMA for 1 p.m. UTC connected Nov. 16.

We powerfully condemn atrocious actors leaking confidential institution accusation to make publicity.

These actions origin existent harm and marque a mockery of the radical moving countless hours to innovate and propulsion the manufacture forward.

Our afloat responseAMA astatine 1pm UTC aboriginal today. pic.twitter.com/FMgbiZgiAc