News Explorer — Cosmos Foundation Faces 'No Confidence' Vote Over Mismanagement Claims

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Sep 5, 5:49 pm

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Cosmos Foundation Faces 'No Confidence' Vote Over Mismanagement Claims

The Interchain Foundation (ICF), a Swiss nonprofit supporting the Cosmos blockchain, is facing a vote of no confidence over allegations of financial mismanagement. The foundation, like others supporting blockchains, has been criticized for lack of transparency. The proposal demands the release of years of financial records and accuses the ICF of failing its fiduciary duties to investors.

The Interchain Foundation (ICF), a Swiss nonprofit supporting the Cosmos blockchain, is facing a vote of no confidence over allegations of financial mismanagement. The foundation, like others supporting blockchains, has been criticized for lack of transparency. The proposal demands the release of years of financial records and accuses the ICF of failing its fiduciary duties to investors.

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