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PANews
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EOS Foundation 'Eating the Fatal Blow' Five Sins: Burning Money, Black Box, Shifting Blame, and Trust Collapse
Original title: Vaulta Foundation 'Eating the Fatal Blow' Record: Plummeting Coin Prices, Disappearing Audits, Complete Collapse of Community Trust
Original author: MMK (@mmk_btc), member of the Vaulta community
Original editor: Rhythm Xiao Gong, Rhythm BlockBeats
Editor's note: Many people know that 7 years ago, the heavily funded 4.2 billion USD, considered one of the earliest 'Ethereum killers', was the early public chain EOS. But many do not know that after BM was pushed out of EOS, the parent company Block.one took the money raised and shifted its focus to building the IPO trading platform Bullish. The remaining EOS was taken over by the EOS Network Foundation, and its CEO Yves La Rose, known for his bushy beard, is referred to as 'Big Beard' by the community. Subsequently, Big Beard led the rebranding of EOS to Vaulta, shifting towards Web3 banking, and the EOS Network Foundation was also renamed the Vaulta Foundation. However, recently, Big Beard's sudden resignation has caused dissatisfaction within the community, further leading to accusations regarding his past actions.
Original author: MMK (@mmk_btc), member of the Vaulta community
Original editor: Rhythm Xiao Gong, Rhythm BlockBeats
Editor's note: Many people know that 7 years ago, the heavily funded 4.2 billion USD, considered one of the earliest 'Ethereum killers', was the early public chain EOS. But many do not know that after BM was pushed out of EOS, the parent company Block.one took the money raised and shifted its focus to building the IPO trading platform Bullish. The remaining EOS was taken over by the EOS Network Foundation, and its CEO Yves La Rose, known for his bushy beard, is referred to as 'Big Beard' by the community. Subsequently, Big Beard led the rebranding of EOS to Vaulta, shifting towards Web3 banking, and the EOS Network Foundation was also renamed the Vaulta Foundation. However, recently, Big Beard's sudden resignation has caused dissatisfaction within the community, further leading to accusations regarding his past actions.