COIN TELEGRAPH - Apr 7 - The Blockchain project Matchpool raised over $5.7M in 48 hours. However, the community was shocked the next day to discover the company co-founder Philip Saunders' public accusations that its CEO Yonatan Ben Shimon had disappeared with $1.7M. To withdraw funds, a user must receive confirmation from every private key holder (its co-founder, CEO, directors, advisors, etc). So the suspicion grows of a case of fund mishandling and miscommunication from the Matchpool team as they enabled a member of the company to withdraw $1.7M of investor money without requesting him to provide an evidence as to how the funds will be used.
This post also appears on InternetDatingInvestments.