Leaked Transcript Uncovers Fallout Between IOTA Leaders

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A leaked conversation has revealed a serious fallout among the founding members of IOTA, pushing the project’s most intimate workings into the public eye. Centered around the appointment of two IOTA founders to the board of directors, the controversial transcript opens with co-founder Sergey Ivancheglo, a.k.a. “Come-From-Beyond,” providing a “vote of no confidence” in co-founder Dominik Schiener, the only delegate with the power to appoint new members. In addition, Ivancheglo shared that Schiener should resign from the IOTA Foundation, the core administration of the 10th-largest cryptocurrency by market capitalization. Posted on text-hosting site Pastebin, Aug. 8, Ivancheglo stated: “I inform everyone that I don’t longer trust Dominik Schiener and I think he should quit the IOTA Foundation for the better future of IOTA.” While Ivancheglo did not spell out his reasons for distrusting Schiener, the transcript revealed a political stalemate between a number of founders, who discuss the