Paraspace NFT protocol 'usurper' resigns after failing to overthrow CEO

The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took one other activate Could 19 because the undertaking’s guide Jay Yao resigned from his place within the firm. Final Week, the NFT protocol made headlines over the lacking funds and a barrage of accusations by chief executives and CEO in opposition to one another.

The choice by Yao to depart the agency got here per week after the Parapace crew clashed with the CEO Yubo Ruan concerning the lacking funds. Ruan on the time maintained that he was harmless and being framed by the likes of Yao to step down as CEO. Ruan additionally alleged that Yao and one other Paraspace guide Thomas Schmidt illegally obtained entry to the protocol’s multisig accounts and social media platforms.

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