EOS community sues parent company Block.One to $ 4.1 billion because the dispute escalates

12. Februar 2022

Sophie Müller

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The EOS Network Foundation weighs its legal possibilities to initiate a lawsuit against Block.one and claim damages of $ 4.1 billion from the parent company.
The foundation has claimed the services of a Canadian law firm to examine the commitments of Block.One to the EOS community and determine whether it did not comply with it.

eos could soon be the focus of one of the greatest complaints in crypto history, in which the two leading factions will go to war. The EOS Network Foundation (ENF) has announced that it weighs its legal options to sue block.one to $ 4.1 billion because it did not comply with its commitments to the EOS community.

enf was founded to "coordinate financial and non-financial support in order to promote growth and development of the EOS network". Under the leadership of CEO Yves La Rose, the foundation has been in a dispute with Block.one for several months and accuses the EOS mother company to neglect the network and not to comply with the commitments to the EOS investors.

Now Yves has announced that they will bring the conflict to court. On Twitter he shared his frustration with block.one and promised to hold her for her mistakes.

We take further steps to keep [block 1] eos . Review of all possible remedies for the assertion of compensation in the amount of USD 4.1 billion.

as founder of @eosnfoundation I share your frustration! We take further steps to keep @b1 responsible for his past actions and broken promises, on the other hand, #EOS . Review of all possible appeals to assert compensation in the amount of USD 4.1 billion. Let's do that together! 10. February 2022

"You want war, we give you war"

The conflict between Block.One and Enf has been public for some time. But as yves tries to solve the matter mutually. In November and December last year, the foundation tried "with block.one to agree a fair and reasonable solution that would position the EOS community for future success".

Block.one, however, refused to play and forced Yves to rely on the judicial system, he said.

Unfortunately, Block.One decided to withdraw from the negotiations, and as a result, the EOS block producers decided that it was in the best interest of the community to freeze the transfer of all EOS token that Block.One should earn in the future.

yves revealed that Enf commissioned a leading Canadian law firm to "examine the earlier actions and promises of Block.One to the EOS community and the EOS investors in order to determine which legal options are available to assert legal remedies".

The parent company wants to sue the parent company at $ 4.1 billion, the amount that it applied to the greatest initial coin offering (ICO) of all time.

At the time of printing, EOS is traded at $ 2.58, which corresponds to a decrease of 3.8 percent last day with a market capitalization of $ 2.5 billion. It is the 48th largest crypto, far from its heyday when it was a top ten candidate.

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Source: Crypto-news-flash.com