EOS Network Foundation Set to Sue Block.one Over $1 Billion Commitment Dispute
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In a significant development within the cryptocurrency space, the EOS Network Foundation (ENF) has announced its intention to pursue legal action against Block.one, the creator and original seller of the ERC-20 token, over its alleged failure to uphold a $1 billion commitment to the EOS Network and its community. The decision to file a lawsuit comes after ENF’s extensive efforts to engage with stakeholders and ensure that Block.one is held accountable for its promises. In a public letter penned by Yves La Rose, the Founder and CEO of ENF, the organization outlined three distinct ways through which community members can
EOS, the blockchain once famously entangled in a protracted dispute with developer Block.one, is now out on its own and making a bid for web3 relevance. Once at the center of a jaw-dropping $4 billion ICO, EOS has had a major facelift, and since severing ties with Block.one has been…
Share Share on Twitter Share on LinkedIn Share on BTCnix Group Copy Link Link copied As the deadline approaches for the decision to opt out of the existing $22 million settlement with Block.one (B1), the company responsible for the initial sale of EOS in a $4 billion initial coin offering…