RChain cooperative ‘functionally bankrupt’ after questionable deals, with investors and developers losing faith
https://www.theblockcrypto.com/2018/12/2...ing-faith/
- Once ranked among the top 50 cryptocurrencies, RChain’s financial management and exercise of power is now under scrutiny by multiple investors
- The CFO resigned a fortnight ago and demands for an updated balance sheet have gone unanswered
- Sources close to the project describe CEO, Greg Meredith, as a puppet master in control of the board; made up of “friends”
https://www.theblockcrypto.com/2018/12/2...ing-faith/
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