LedgerX investor: decided to pull out of the company after its founder left and the company was thrown into chaos

BlockBeats, a director and investor of LedgerX, an encrypted derivatives platform, Nicholas Owen Gunden  The letter complained that the company was in turmoil after its founder left and said he had withdrawn his investment saying it had failed investors.

Nicholas Owen Gunden  Said he had lost contacts with LedgerX since the founder left the company, and that he believed some shareholders were getting preferential treatment. He saw a petition circulating in the office to keep Paul and Juthica Chou as leaders, and 75 percent of the staff supported it. Gunden  He said he believed the petition and the petition itself should be legal, however, that the dismissal of the two employees who submitted it was "clearly retaliation". He is also concerned that LedgerX may no longer meet regulatory requirements and may fail to meet its fiduciary duties.

LedgerX, which offers bitcoin option contracts, announced on Dec. 9 that its co-founders and executives Paul and Juthica Chou would be suspended with pay, effective immediately, BlockBeats reported. Paul Chou is the company's CEO, and Juthica Chou, the company's President and chief risk officer, is married, according to the LinkedIn profile. At the same time, the board appointed Larry e. Thompson as interim chief executive officer and lead director of Ledger Holdings.

Original address:https://www.coindesk.com/ledgerx-board-member-says-company-in-disarray-after-founders-ouster?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

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