Tag: David Sonstebo

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Founder David Sønstebø out of Iota Foundation after ‘unanimous’ board decision

The Iota board said it had “parted ways” with Sønstebø due to the fact its interests have “diverged significantly” with those of the co-founder. David Sønstebø will no longer be a part of the Iota Foundation, a non-profit which he helped co-found and most recently co-chaired. According to an announcement from the Iota Foundation, the…
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IOTA Founder Confirms He Will Repay Victims of $1.97 Million Hack

Cointelegraph spoke with Iota’s founder David Sønstebø on his decision to repay $1.97 million in MIOTA to the victims of the recent hack. On Feb. 12 Iota (MIOTA) suffered an attack targeting its official desktop wallet. The Iota network went offline on the same day, and has remained down since. On March 6, David Sønstebø,…
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