ConsenSys Shareholders Readying Legal Action Over Share Valuation

Posted on by American Coins & Gold

ConsenSys Shareholders Readying Legal Action Over Share Valuation
A group of former employees and shareholders of Ethereum development firm ConsenSys are alleging that the ConsenSys AG, led by billionaire Joseph Lubin, improperly valued key assets in its portfolio prior to an asset transfer involving banking giant JPMorgan.According to documents seen by CoinDesk, the group intends to request that a Swiss court review an asset transfer between ConsenSys AG and ConsenSys Inc., with a particular focus on Web3 wallet MetaMask and blockchain infrastructure firm Infura, two of the most foundational pillars of the present-day Ethereum ecosystem.A debt burden – a $39 million personal loan founder Joseph Lubin made to…