Jeffrey Wilcke, the co-founder in addition to developer of Ethereum, denied his connectedness alongside a complaint submitted to the SEC inwards regard to Grayscale�s newly launched Ethereum Classic Investment Trust.
As reported yesteryear Cointelegraph on Apr 27, Ethereum Classic Trust, officially completed its highly anticipated launch. Developed yesteryear Grayscale, a subsidiary society of Barry Silbert�s Digital Currency Group, Ethereum Classic Trust enables conventional in addition to high profile investors inwards the populace marketplace to invest inwards Ethereum Classic via a strictly regulated channel.
According to Grayscale, management fees obtained yesteryear the society for securing in addition to belongings Ethereum Classic for investors volition hold out donated to Ethereum Classic for development, marketing in addition to community activities.
On March 31, Grayscale announced:
�Ethereum Trust management fee volition hold out donated to Ethereum Classic development, marketing in addition to community activities for iii years.�
As noted yesteryear Grayscale, the operators of Ethereum Classic Trust collect an annual fee of iii percent, which includes 1 pct of evolution contribution. The iii pct fee charged yesteryear Grayscale volition hold out allocated to the evolution of Ethereum Classic over the side yesteryear side iii years.
In a statement, the Ethereum Classic marketing squad which operates diverse social media accounts including the Twitter trouble concern human relationship @eth_classic, explained that Ethereum co-founder Jeffrey Wilcke submitted an official complaint to the the U.S.A. Securities Commission Exchange (SEC) inwards regard to the late introduced Ethereum Classic Trust.
The alleged complaint of Wilcke noted that Ethereum Classic is non a legitimate cryptocurrency in addition to a Blockchain project. However, Wilcke afterwards clarified that he did non submit such a complaint in addition to told the community also equally the Ethereum Classic team that he filed a asking for lift removal. He farther emphasized that the complaint was filed nether the lift �Jeffrey Wilcke� without his consent.
Wilcke wrote:
�I am Jeffrey Wilcke in addition to I am writing on behalf of myself in addition to the Ethereum Foundation to disclaim a comment submitted nether my lift in addition to affiliation on Feb. 8, 2017, regarding File No. SR-NYSEArca-2017-06 (the �Comment�). I did non submit the Comment in addition to at that topographic point is no other Jeffrey Wilcke affiliated alongside the Ethereum Foundation. The Comment was submitted using my lift in addition to affiliation without my cognition or consent in addition to inwards my view, appears to hold out a illustration of identity theft that has caused terms in addition to embarrassment in addition to continues to publicly create so. I categorically disclaim whatever statements inwards that Comment equally attributable to me in addition to I kindly enquire the SEC to take my lift in addition to affiliation from the faux Comment directly to assistance terminal whatever farther misunderstandings.�
Upon the clarification in addition to filing of removal, the Ethereum Classic squad told its community:�Ethereum developer Jeffrey Wilcke made it clear he did non write that comment to SEC in addition to has requested its removal.�