Former ConsenSys employees file for audit claiming ‘serious irregularities’

[ad_1] A group claiming to represent 35 former ConsenSys AG (CAG) employees has requested an audit under the Swiss Code of Obligations to investigate “serious irregularities” they allege that occurred in mid-2020. CAG, also known as Mesh, is the company behind top Ethereum-based wallet provider MetaMask and was founded by Joseph Lubin, who is also the co-founder of Ethereum. According to a press release, the group of employees who claim to represent around 50% of all known shareholders submitted the request to a Swiss Court on March 1. The group…

Read More

Employees of Korea’s financial regulator ordered to report crypto holdings

[ad_1] Korean Financial Services Commission (FSC) Chairman Eun Sung-soo has ordered FSC officials who hold crypto to file reports on their investments by May 7. The FSC employees subject to reporting are those who manage virtual currency tech developments, those responsible for drafting and applying virtual currency laws, and those who report on and manage crypto exchanges. An article from the Korea Times noted the comparative lack of regulation surrounding FSC officials’ investments in crypto when compared to traditional financial products. While FSC employees are expected to notify chairman Sung-soo…

Read More