Crypto technology firm Katena Computing didn't trick miner Coinmint into a $150 million purchase agreement, a panel of arbitrators ruled last month in the mining company's suit against Katena and a semiconductor company called DX Corr.that Katena and DX Corr conspired to trick it into purchasing $150 million worth of bitcoin mining machines that were never delivered.
While Coinmint cited text messages shared between Katena executives as evidence the company was influencing Maloney, the panel said in its report that these messages were more"brainstorming and ambitious chatter" than concrete evidence the company was actively moving to hire the then-CFO at Coinmint.
Katena also submitted other evidence that suggested it was actively working to manufacture the chips and miners it intended to sell Coinmint, refuting one of Coinmint's claims that Katena did not intend to produce the machines.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FoxBusiness - 🏆 458. / 53 Read more »