“We spent millions on compliance, but even that still wasn’t enough,” Youssef told CoinDesk in an interview. “And then to make things worse, in the middle of January,” he went on, “my co-founder decided to sue the company and myself. The litigation got really nasty and he scared away our best people. My entire chief level staff resigned. I had no operational staff.”
Related posts
-
9 Dormant Bitcoin Wallets Reactivate, Moving $7.5M Amid BTC Price Drop
While bitcoin’s price was at $60,382 on July 3, it dropped significantly to $53,550 two days... -
German MP Criticizes Bitcoin Sales, Urges Government to Hold BTC as Reserve Asset
A German parliament member, Joana Cotar, has criticized the government’s decision to sell seized bitcoin on... -
Private Equity Giants Are Circling Bitcoin Miners on AI Allure
Private equity firms are now looking at bitcoin miners in a much more different way after...