Status Network

2020: Disappearance of founders of a startup

At the beginning of August, 2020 it became known of disappearance of founders a blockchain startup of Status Network which attracted $100 million within ICO. The angered investors look for the help at representatives of judicial authority.

The Decrypt edition announces Dzherrad Houp and Karl Bennett's disappearance who are founders of Status Network. The court of New York received the letter in which all key part of the problem, from lawyers of Selendy & Gay and Roche Cyrulnik Freedman companies is stated. In the document investors let know a blockchain startup that they are concerned by the fact that organizers of ICO could "be dissolved in a World Wide Web".

Organizers collected $100 million ICO hid in the USA without message

The ICO project took place in 2017, for the first time investors filed a lawsuit against founders of Status Network in March, 2020. They claim what carried out tokenseyl is the unregistered security sale and, therefore, should be recognized as illegal. In the claim it is also said that founders of the project misled investors, having said that a token of Status Network, SNT, is "a utilitarian token" and does not get under operation of laws of the USA on securities. Investors want to return the money and also to pay damages.

Investors a blockchain project claim that they do not know exact location of Dzherrad Houp (the founder and the CEO of Status Network responsible for the ICO organization) and Karl Bennett (the co-founder, the director of public relations responsible for promotion of ICO) though "incredible efforts" were spent for their search. The private detective who also did not manage to contact organizers of a tokenseyl was even involved in search. It is known that the startup is registered in the city of Zug (Switzerland). Nevertheless, not clearly, the office Status Network or it only mail the address is located there.^[1]

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