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IOTA Co-Founder Quits The Foundation, Dumps All Holdings

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Stefan

The IOTA co-founder Sergey Ivancheglo who worked on the open-source distributed protocol left the company and sold all of his holdings as we are reading in the IOTA news below.

The IOTA Co-founder Sergey Ivancheglo was a former member of the IOTA foundation board of directors and announced to be leaving the company in an AMA (ask me anything) on Discord. When he was asked why he sold all of his tokens, Ivancheglo said that he had done it to ‘avoid the conflict of interest when working on the current project.’

While he didn’t quite elaborate on what kind ...

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