Alexandre Dreyfus, the CEO and founder of fan token site Socios, has been accused of withholding payments in order to maintain the price of Chiliz , the cryptocurrency used by the Socios community, according to a report fromFan tokens are tied to real-life sports teams, creators, or artists, and give token holders access to exclusive fan clubs where they can vote on decisions within their community.
Staff members, who were also supposed to receive a portion of their salary in Chiliz, weren’t so lucky, Dreyfus allegedly failed to pay some of his advisors an agreed-upon share of Chiliz in exchange for endorsing the cryptocurrency. An unnamed tech executive toldthat he only got “some portion of what was promised,” and claims Dreyfus started “avoiding all communications with the advisors” in September 2020.indicates Dreyfus didn’t want the value of Chiliz to tank.
“We regret that some advisers that have worked with us in the past were not paid in a timely manner and we have rectified this with them directly and maintain good relationships today,” a Chiliz spokesperson told. “The agreements were made when the company was pre-start up and at that time we were not able to award CHZ directly as it wasn’t listed on any exchanges.
Staff members, who were also supposed to receive a portion of their salary in Chiliz, weren’t so lucky. When the value of Chiliz skyrocketed, one employee claims they were unable to cash in on the $10 million allegedly owed by Dreyfus. Chiliz later ushered in a new contract to replace the ones previously signed by employees, resulting in a smaller allotment of crypto,reports. The employee who was owed $10 million supposedly only made off with around $60,000 as a result of the new agreement.
Socios is unethical. Just use their app and see for yourself.
beyondprotocol1 is down significantly from launch 4 months ago due to social engineering attack & botched unlock of 1/4 of tokens. Price is bottomed & should 10x due to mainnet & top 5 exchange listing. SOL type of growth. Solid fundamentals & long term play. DontMissOut
web3isgreat