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The core team of OpSec has collectively resigned, with the CEO stating that the project's founder has been long absent and monopolizing financial power

The core team of OpSec has collectively resigned, with the CEO stating that the project's founder has been long absent and monopolizing financial power

Bitget2024/11/14 12:18

On November 14, Chris Williams, CEO of the encryption security project OpSec, announced his immediate resignation, with the entire core team also set to depart. In his statement, Williams said this decision was based on an investigation by crypto analyst ZachXBT and internal assessments within the team. It is reported that the anonymous founder has been long absent and solely controls company finances, preventing effective operational execution by the team. Despite reaching a historic high market value of $300 million USD at one point, changes in market conditions have slowed development progress and stalled partnerships; some core team members were forced to resign due to salary issues. Chris Williams emphasized that while project revenue was substantial, lack of transparency and sufficient support hindered achieving established goals. On social media ZachXBT indicated early signs of risk in this project advising investors to stay away from promoters related to it during this bull market cycle.

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