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from incent slack: So, the update that you have been waiting for.
As you already know, Peter is no longer a director or the CTO of Incent. Whilst there had been significant questions about the quality of his code and his fitness to act as CTO for some time now, what precipitated the decision to remove him was something way more serious. As some of you have already noted, last Wednesday a large amount cryptocurrency - 30% of Incent's WAVES, WCT and INCENT - were moved from Incent's Treasury. What we could not discuss at the time was that Peter had made these transactions, without consultation or permission, into an address that he alone controls: http://www.wavesgo.com/account.html?3PCwApDWZ9cAKGkja4XVqHXoJVcgDWR9Vro
When first Rob, then I urged him to return these funds, he refused. Rob sought legal advice immediately which established likely breaches of both company and criminal law. Today we successfully obtained an injunction which freezes (in law) the funds Peter has mis-appropriated and the balance of company funds under his control. This means that the funds - whilst not in the control of Incent PTY Ltd - cannot be moved by Peter again without serious legal consequences, over and above the trouble he is already in from mis-appropriating them in the first place.
Make no mistake that we are treating this incident with the utmost seriousness but while it is still sub judice and there is a limited amount that we can say, we are now satisfied that the immediate danger of Peter cashing out the funds has been contained and we are leveraging threat of prosecution to secure recovery. While as shocking as it disappointing, I have been impressed by the resourcefulness and resilience of Rob's Sydney team as they fight to recover from this betrayal.
As you already know, Peter is no longer a director or the CTO of Incent. Whilst there had been significant questions about the quality of his code and his fitness to act as CTO for some time now, what precipitated the decision to remove him was something way more serious. As some of you have already noted, last Wednesday a large amount cryptocurrency - 30% of Incent's WAVES, WCT and INCENT - were moved from Incent's Treasury. What we could not discuss at the time was that Peter had made these transactions, without consultation or permission, into an address that he alone controls: http://www.wavesgo.com/account.html?3PCwApDWZ9cAKGkja4XVqHXoJVcgDWR9Vro
When first Rob, then I urged him to return these funds, he refused. Rob sought legal advice immediately which established likely breaches of both company and criminal law. Today we successfully obtained an injunction which freezes (in law) the funds Peter has mis-appropriated and the balance of company funds under his control. This means that the funds - whilst not in the control of Incent PTY Ltd - cannot be moved by Peter again without serious legal consequences, over and above the trouble he is already in from mis-appropriating them in the first place.
Make no mistake that we are treating this incident with the utmost seriousness but while it is still sub judice and there is a limited amount that we can say, we are now satisfied that the immediate danger of Peter cashing out the funds has been contained and we are leveraging threat of prosecution to secure recovery. While as shocking as it disappointing, I have been impressed by the resourcefulness and resilience of Rob's Sydney team as they fight to recover from this betrayal.
What does that mean? Incent project is now in trouble?
I remember they promised 3% incent bonus for ETT investors...
