The NFT Project Bella Hadid by Web3 Company Rebase: The Story of a $2 Million Cryptocurrency Theft and a Controversial Founder
According to reports, Web3 company Rebase owns the NFT project Bella Hadid, and co founder Krzysztof Gagacki claimed that another founder, Edmond Truong, stole
According to reports, Web3 company Rebase owns the NFT project Bella Hadid, and co founder Krzysztof Gagacki claimed that another founder, Edmond Truong, stole approximately $2 million in cryptocurrency from their jointly controlled wallet in October. It is said that Truong also excluded Gagacki from the company’s operations. Truong initiated negotiations to issue tokens for the Arbitrum network without the knowledge of other co founders.
NFT project Bella Hadid co founders sue for compensation of $77 million
Introduction
The world of cryptocurrencies and non-fungible tokens (NFTs) is booming, and companies like Web3’s Rebase are at the forefront of creating innovative projects in this field. However, recent reports have shed light on a controversy surrounding the NFT project Bella Hadid and one of its co-founders, Edmond Truong. Here’s what we know so far:
Background Information
– Web3’s Rebase is the owner of the NFT project Bella Hadid, which features digital collectibles in collaboration with the supermodel Bella Hadid.
– The project gained significant attention in the NFT market as many people were keenly interested in owning a piece of the model’s exclusive artwork.
– According to reports, a co-founder of the project, Krzysztof Gagacki, has accused Edmond Truong of stealing around $2 million worth of cryptocurrency from their jointly-controlled wallet in October.
– It is said that Truong also excluded Gagacki from the company’s operations, and initiated negotiations to issue tokens for the Arbitrum network without the knowledge of other co-founders.
The $2 Million Theft
It’s not uncommon for conflicts over funds to arise between co-founders of a startup, especially in the case of a rapidly growing project like Bella Hadid. However, the allegations of a $2 million theft of cryptocurrency by Edmond Truong have raised eyebrows.
Reports suggest that Truong transferred these funds from Bella Hadid’s jointly controlled wallet to his own private wallet. Truong disputes these claims and argues that the transfers were legitimate and were made as part of his role in managing the team’s finances.
Moreover, Truong alleges that Gagacki is spreading misinformation about the theft and is essentially vying for greater control over the company’s operations.
Exclusion of Co-Founders and Unauthorized Token Issuance
In addition to the allegations of theft, Edmond Truong has been accused of sidelining other co-founders, including Krzysztof Gagacki. It is claimed that Truong has taken over the leadership role of the company to exclude others from decision-making and overall project management.
Furthermore, reports suggest that Truong initiated negotiations to issue tokens for the Arbitrum network without proper consultation with other co-founders. This move suggests that Truong was taking unilateral steps to claim greater autonomy or control.
Conclusion
The controversy surrounding Bella Hadid and its co-founders is a cautionary tale for emerging projects in the NFT and cryptocurrency world. While startups face many challenges in terms of funding, growth, and management, it’s essential that all parties involved maintain transparency and accountability to avoid misunderstandings or disputes.
Ultimately, time will tell how this situation affects Bella Hadid’s future, given the current allegations against Edmond Truong.
FAQs
1. What is the Bella Hadid NFT project?
The Bella Hadid NFT project is a digital collectible project co-owned by Web3’s Rebase and supermodel Bella Hadid.
2. What is the controversy surrounding the project?
Reports suggest that one of the co-founders, Edmond Truong, stole around $2 million in cryptocurrency from the company’s jointly controlled wallet and excluded other co-founders from the project’s management.
3. How did Truong respond to the allegations?
Truong has denied these claims of theft and argues that Gagacki is spreading misinformation. Moreover, Truong suggests that Gagacki is trying to claim greater control over the company’s operations.
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