EOS Network Foundation intends to sue $4.1 billion from Block | Best Crypto Traders Official
EOS Network Foundation intends to sue $4.1 billion from Block.one
“We are taking further steps to hold B1 accountable for its past actions and broken promises regarding EOS. All available legal avenues are currently being considered to secure $4.1 billion in damages. Let's do it together! #4BillionDAOis approaching,” wrote the head of the organization, Yves La Rose.
The blog reports that the EOS Network Foundation is partnering with an unnamed Canadian law firm "to investigate Block.one's past activities" and determine "available legal remedies." Block.one raised $4.2 billion in ICO in 2018.
For supporting the project, the company was supposed to pay 100 million EOS (about 10% of the issue) over 10 years. According to the EOS Network Foundation, in the following years, the community became frustrated with Block.one's commitment to the blockchain in terms of real-life use cases.
👉 Crypto Price Analyses, Which Are Worth Checking Out. 😎 Do you trade on Binance?. Click the link below, register, and receive 20% of a commission back:. https://www.binance.com/en/register?ref=...
