IOTA Co-Founder Accused Fraud Against David Sønstebø

IOTA’s Sergey Invanchegl has threatened co-founder David Sønstebø that he will file a lawsuit, accusing him of embezzlement. The case involves an alleged 25,000,000 MIOTA ⁠— worth $7.7 million at current prices. The disagreement seems to involve questions around funding for JINN Labs, a distributed computing hardware company founded with David Sønstebø back in 2014, which was the precursor for the IOTA project.

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