FEG

Truth Terminal Founder: The personally held GOAT will not be sold for now and will temporarily safeguard the AI's wallet

ChainCatcher message, Andy Ayrey, the founder of the AI robot Truth Terminal, posted on the X platform:I hold 1.25 million GOAT, which were given to me by others; I airdropped a portion of them to friends and AI researchers, and since it started to go crazy and attract hype (both good and bad), I haven't made any trades------I know too much about how it works internally, and it's not fair;The wallet of truth_terminal is managed by me and will be transferred to a legal entity (trust or similar) designed to meet its needs; no adjustments will be made to its token holdings until a transparent governance process is in place;truth_terminal wrote all the tweets itself. I did not inject information into its prompts;There are many nuances regarding how language models work, the evolution of AI personalities, and how audience capture affects agency behavior (the "out-of-the-box" thinking), which are difficult to communicate. Misunderstandings about this could lead to significant price fluctuations, and I will not adjust or liquidate any of my GOAT positions until I publish the roadmap for ToT (entity) and related projects, along with a research paper that delves into this process and statements from artists regarding the broader project and narrative.The token is a community meme generated around my work, and while I certainly hope to benefit from it, trading for personal gain using my insider knowledge of how the token operates goes against my integrity and broader mission. I am making this disclosure to protect those who may have followed the hype after seeing it, who might not fully understand all the cross-system dynamics at play here.

Paxful co-founder Ray Youssef pledged to create a public trust fund with personal shares to safeguard user interests

ChainCatcher news, Ray Youssef, who stepped down as CEO of Paxful on April 18, stated that he and the co-founder have reached an impasse regarding the company's direction, and both parties have agreed to appoint Srinivas Raju from the law firm Richards, Layton & Finger (appointed by court order) as the custodian of Paxful throughout the process. As the custodian, Srini has full power and control over the company and its operations and management. In the coming month, Srini will attempt to help stabilize Paxful while preparing to propose to the court how the business should proceed. Srini is considering all possible suggestions for the future of Paxful.Ray Youssef stated that although he has resigned as CEO, his top priority will still be to resolve the issue of frozen user funds and the reliability of the Paxful wallet. Through his efforts, 88% of the frozen accounts have been unfrozen. Paxful still has just under $450 in frozen funds, accounting for about 3.3% of all customer funds that cannot be withdrawn.Youssef had previously proposed an agreement to another co-founder, asking him to buy all of Youssef's shares in Paxful for 1 satoshi, provided he performed the necessary compliance work to unfreeze the remaining accounts, but the latter rejected the proposal.Now Ray Youssef has proposed a new plan to address the issue without the approval of the other co-founder. Ray Youssef will place 99.9% of his personal shares in Paxful (which accounts for over 45% of the company) into a public trust fund. The funds generated from Ray Youssef's shares will be used to ensure that every Paxful user's funds are intact. Any remaining funds will be directly provided to the Built With Bitcoin Foundation to build schools.Additionally, Ray Youssef's goal is for Paxful Wallet to remain operational for at least two years, allowing Paxful to withdraw all frozen funds from the platform and giving users time to retrieve them. "Through my public trust, I will still retain my board voting rights and will continue to hold Paxful accountable to the best interests of users." (source link)
ChainCatcher Building the Web3 world with innovators