Socios, a 'fan token' startup, has been accused of manipulating cryptocurrency prices

Socios, a ‘fan token’ startup, has been accused of manipulating cryptocurrency prices

His justification for not compensating advisors? Dreyfus stated in an internal mail that he did not want Chiliz’s value to plummet. In the screenshotted message, Dreyfus writes, “We also need to safeguard the investors.” “When you give away free tokens, people can sell them for any price they want.” He went on to say that “genuine investors” who purchased Chiliz may be losing money as a result of advisors selling the currency.