Rebase Allegedly Robbed of $2 Million Worth of Cryptocurrency by Co-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 approximately $2 mil
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
In a recent turn of events, the NFT project Bella Hadid owned by Web3 company Rebase has been making headlines due to the alleged theft of $2 million worth of cryptocurrency. Krzysztof Gagacki, the co-founder of Rebase, has claimed that another co-founder, Edmond Truong, was responsible for stealing the funds from their jointly controlled wallet in October. He also alleges that Truong has excluded Gagacki from the company’s operations.
Understanding the Bella Hadid NFT Project
Before delving into the alleged theft, it is essential to understand what the Bella Hadid NFT project is all about. Bella Hadid is an American model who has collaborated with Rebase to create a unique set of non-fungible tokens or NFTs. These tokens have gained popularity in recent times as unique digital assets that can be bought, sold, and traded.
The Bella Hadid NFT project offers fans and collectors the opportunity to get their hands on unique digital art created by the supermodel. There are various types of NFTs available, ranging from 3D sculptures to GIFs and still images. Each token is a one-of-a-kind creation, which adds to its value.
Allegations of Cryptocurrency Theft
According to reports, Edmond Truong, one of the co-founders of Rebase, tried to issue tokens for the Arbitrum network without the other co-founders’ knowledge. This move raised concerns among the other team members, and they launched an investigation into Truong’s activities.
During the investigation, the team discovered that approximately $2 million worth of cryptocurrency had gone missing from their jointly controlled wallet. Gagacki, one of the co-founders, quickly pointed the finger at Truong, claiming that he was responsible for the theft.
Exclusion of Co-Founder from Operations
Apart from the alleged theft, Gagacki has also accused Truong of excluding him from the company’s operations. This exclusion has made it difficult for Gagacki to keep track of the company’s activities, including the Bella Hadid NFT project.
The dispute between the two co-founders has been ongoing for some time, with tensions escalating in the recent past. The alleged theft of cryptocurrency and exclusion from operations have only added fuel to the fire.
Conclusion
The Bella Hadid NFT project was set to be an exciting venture for Rebase and its co-founders. However, the alleged theft of $2 million worth of cryptocurrency and the exclusion of one of the co-founders from the company’s operations have put a damper on things.
It remains to be seen how this situation will play out and what impact it will have on the Bella Hadid NFT project’s future. The Rebase team will need to take steps to address the allegations of theft and ensure that the project continues to move forward smoothly.
FAQs
Q1. What is the Bella Hadid NFT project?
Ans: The Bella Hadid NFT project is a collaboration between the supermodel and Rebase, offering fans and collectors the opportunity to acquire unique digital assets.
Q2. Who is responsible for the alleged theft of cryptocurrency?
Ans: Krzysztof Gagacki, the co-founder of Rebase, has accused another co-founder, Edmond Truong, of stealing approximately $2 million worth of cryptocurrency.
Q3. How has the alleged theft affected the Bella Hadid NFT project?
Ans: It is unclear at present how the alleged theft will affect the Bella Hadid NFT project’s future. The Rebase team will need to take steps to address the situation and ensure that the project continues to move forward successfully.
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