Partnered With:

IOTA Foundation Announces that Founder David Sønstebø Has Left the Foundation Due to Differences of Interest

Read this article in 3 Minutes

The Supervisory Board has taken this decision unanimously in the best interests of IOTA and its ecosystem.

Rhythm BlockBeats news, the IOTA Foundation, Directors and Supervisory Board issued a document on December 10th to announce that IOTA founder David Sønstebø has left the IOTA Foundation. The foundation stated that the supervisory board made this decision unanimously in the best interests of IOTA and its ecosystem.

The statement states that David was instrumental in creating the project and helping to build the initial team, vision and ecosystem played an important role. However, there is a clear divergence between David's interests and those of the IOTA Foundation. So the Foundation had to make this decision. The foundation said it respected Sønstebø's privacy and would not release further details.

The IOTA Foundation stated that IOTA does not belong to any one person. The IOTA Foundation is a government-regulated, reputable non-profit organization with more than 120 like-minded Collectively, there is a clear strategy for how to realize IOTA's vision.

As of press time, David Sønstebø has not responded to this statement. His latest tweet was updated on December 10 The development progress of the IOTA project reposted on the day, and his personal description is "IOTA founder".