Juan Benet, a founder at Filecoin, is attacking Justin Sun for spreading completely false accusations about the movement of the FIL tokens soon after listing. In his long Twitter rebuff, Benet accuses Sun of spreading lies with the intention of harming the Filecoin project financially. Calling the accusations ridiculous, Benet says no one from the Filecoin team sold the FIL token on the day of listing.
My guess is that Justin plans to fork Filecoin as well, and hopes to trump up a reason. Sorry, Justin, you’re nobody’s saviour.
The Sun Filecoin Hard Fork Theory
“There are many people hoping to get rich quick with Filecoin without contributing value to the network — that’s just not how it works. This isn’t what the protocol rewards.”
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However, in comments that appear to corroborate Crypto Chris G’s account, Benet says:
The post Filecoin Founder Accuses Justin Sun of Spreading Lies About FIL Tokens as Fresh Dumping Allegations Emerge appeared first on Bitcoin News.
In March, reports emerged that some prominent community leaders of Steem, possibly dissatisfied with Sun’s hostile takeover, were hatching a plan to hard fork. Eventually, the hard fork occurred leaving Sun without access to the developer’s reward.
In the long thread, Crypto Chris G explains why he thinks miners are not as innocent as they have been portrayed. The user concludes his analysis by stating that “miners aren’t victims of the Filecoin team releasing coins early.” Instead, he says “they played this great, pulled huge profit from testnet coin selling for real $ then crying wolf to gain more.”
New Dumping Allegations
Soon after listing, Filecoin miners went on strike alleging the ineffectiveness of the economic model used. However, in his own thread, Benet dismisses the reports while claiming that miners are “following protocol and making a ton of money doing so.”
The FIL token, which had opened at 0 on some exchanges, lost more than half of its value in the first 24 hours. At the time of writing, the token had lost further ground and was trading at .
Soon after the FIL token went live on many exchanges, Sun unexpectedly tweeted alleging that Benet and others at Filecoin had exit scammed. This follows reports the Filecoin team had dumped 1.5 million tokens on some exchanges. Sun alleged that the community had not been informed about the transfer of tokens to exchanges. He went on to encourage the United States-based FIL token buyers to report the matter to the U.S. Securities and Exchange Commission.
Meanwhile, continuing his attacks on Sun, Benet warns Filecoin miners against supporting any such hard fork saying:
“Basically miners dumped their testnet coins crashing the price then complained they should change the locking schedule since more supply was on market. Filecoin had to accept the miners’ proposals & 25% immediately unlocked. How did testnet coins become real? Was there a code bug?”
However, in a long Twitter thread in which he also responds to the other allegations against Filecoin, Benet speculates the motives behind Sun’s attack on the FIL token as he writes:
Look at the history of projects associated with Tron, and confirm you want that. [And] you may become the victim of a huge pump and dump scam. Good Luck.
Benet, who uses an expletive to dismiss Sun’s allegations, reminds his followers about his controversial takeover of Hive.
However, as Benet insisted that no token dumping had occurred, fresh reports emerged suggesting that even more FIL Testnet tokens were moved to exchanges and sold. Explaining the events as they occurred, one Twitter user, Crypto Chris G says:
Send bulk sms with Bitcoin and don’t worry If your link gets reported. We are constantly monitoring your links and We’ll pause your campaigns if any issue…