Sure, happy to address this absolute mess.
I announced a CTO of Circus a few weeks back. We handed over the project to a team we had worked with for a couple of months who successfully closed deals with some KOLs, managed launches, community engagement, etc.
I met with their dev, who also came across as a reasonably knowledgeable guy.
These were people we spoke to on a daily basis via either Telegram or voice.
We didn’t have any reason to consider this team untrustworthy. If anything they were eager to make the project succeed.
A CTO is just that, a take over. The deal was that we would provide them with the LP tokens and would keep paying for the infra while we transitioned the code to their team.
In return, they would keep the project going, grow it, and give it new life where we couldn’t.
They continually dragged the launch date out further and further but kept us in the loop constantly. We were even going to help them with some of the configurations for the launch. With the intention to use the Circus Launchpad.
The other night, the lead guy started threatening me. Trying to squeeze me for money. He sent me pics of my family and made several threats I would consider severe.
The following day, he apologized for “crashing out” and went on to continue planning the launch, which was meant to be this week.
At approximately 23:30 CEST I start getting messages about a rug that occurred and tweets from the Circus social accounts, which we had turned over weeks ago.
Probably the worst possible outcome imaginable and I am still getting all the facts myself. Very frustrating, especially when I’m not at my desk and able to handle things appropriately. 16 replies
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