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Theta Labs, a blockchain video transmission network project, has recently caused a major stir. The company's two former executives, Jerry Kowal and Andrea Berry, filed a whistleblower lawsuit in a California court, accusing CEO Mitch Liu and the company itself of engaging in long-term fraudulent token operations.
According to the complaint, the issues go far beyond simple token manipulation. The two whistleblowers also allege that the company issued misleading promotional collaborations aimed at creating a false appearance of prosperity in the market. More seriously, Theta Labs is suspected of retaliating against internal dissenting voices and attempting to block whistleblowing channels.
The complaint further reveals that Mitch Liu conducted a series of improper operations through Theta Labs and its parent company, Sliver VR. The relationship network between these two companies appears to be used to conceal these actions.
This case highlights some governance and transparency issues within certain crypto projects. For investors and ecosystem participants concerned with this project, it is undoubtedly an important risk signal.
1. Theta has爆雷 again? This time even executives can't sit still… You all should have woken up long ago.
2. Haha, I laughed. I thought it was just a token operation, but it turns out the whole team is rotten through.
3. Blocking reporting channels? They really see themselves as a dictatorship.
4. Fake cooperation and promotion? Haha, this script is a bit old in the crypto circle.
5. Retaliating against whistleblowers? Please, stop appearing in my portfolio.
6. What exactly are people thinking? They insist on stepping on all the pits.
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Once again, the same old tricks—token manipulation, false advertising, attacking whistleblowers... I'm almost tired of this script.
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Mitch Liu probably can't escape this time. Can two executives reporting together be fake?
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Is there also a problem with Sliver VR? It feels like the entire system is rotten.
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I really can't understand how some people keep falling for this; such obvious red flags.
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How are people who invested in Theta feeling now? I guess four words: a mess everywhere.
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Litigation is the best way to see the truth; flowery words are useless.
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Blocking reporting channels? That's just guilt showing—an open secret.
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Wait, the parent company is involved too? Then it's over—systemic fraud?
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Damn, this CEO is playing pretty hard, two executives directly going to court.
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It's the same old trick, false prosperity + attacking whistleblowers. When will the crypto circle finally settle down?
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Is Sliver VR also involved? Feels like this web is getting pretty big.
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Why do these incidents always have to be exposed after someone reports them? Didn't anyone notice earlier?
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Honestly, with this momentum, Theta is probably going to fail. Investors should hurry and get out.
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The retaliation against whistleblowers alone is already pretty ruthless. Isn't that outright illegal?
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Token manipulation + false cooperation, how much money will this cost investors?
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The governance is so chaotic that someone should have come out long ago to burst this bubble.
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It's brave for two executives to stand up at the same time, but Theta is definitely done this time.