The Israeli prosecutors plan to file cases like fraud, theft, and tax evasion against Moshe Hogeg for raising $290 million for four crypto startups but used the money for his personal interests.
Sirin Labs, Stox and Leadcoin raised over $250 million in their respective token sales, but according to the employees, the operators directed the funds to their own personal expenses.
Moshe Hogeg, founder of Sirin Labs, is being sued over alleged unpaid bills for the company’s flagship Finney blockchain phones.
Sirin hasn’t been able to make the sales they thought they would with the down market, and now staff are paying the price.
Touted to be the “world’s first blockchain smartphone,” the Finney is due to arrive before 2018 ends, and when it does, expect a spec list that will rival any other flagship smartphone.
Foxconn has teamed up with Swiss startup Sirin Labs to launch a blockchain smartphone. The Android-based phone won’t come cheap, and reportedly has a starting price of almost $1,000.
