{"id":35440,"date":"2021-01-27T14:50:35","date_gmt":"2021-01-27T12:50:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35440"},"modified":"2025-08-29T01:19:40","modified_gmt":"2025-08-28T22:19:40","slug":"moscow-investor-backs-software-for-a-bitcoin-exchange-only-to-find-it-posted-online","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/moscow-investor-backs-software-for-a-bitcoin-exchange-only-to-find-it-posted-online\/","title":{"rendered":"Moscow investor backs software for a Bitcoin exchange, only to find it posted online"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The head of one of Moscow-based companies invested in the development of software for a cryptocurrency exchange. However, subsequently, the software was posted online, and the rights to the product belong to a foreign firm. This is according to <\/span><a href=\"https:\/\/tass.ru\/proisshestviya\/10558467\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">TASS<\/span><\/a><span style=\"font-weight: 400;\">, citing sources in law enforcement.<\/span><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">According to the applicant, he agreed to finance the development of software for the cryptocurrency exchange in March 2018. Over several months he transferred a total of $550,000 to the head of the development company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The software was ultimately posted online. The rights to it belong to the company whose ultimate beneficiary is the head of the development firm. He has not responded to the investor who funded the development.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Police have begun a probe into the investor&#8217;s complaint.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier in January, the investor accused the team behind the startup International Taxi Company, which is developing the blockchain taxi service, <a href=\"https:\/\/u1f987.com\/en\/news\/investor-accuses-blockchain-taxi-founders-of-embezzlement\"><span style=\"font-weight: 400;\">in embezzlement<\/span><\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 all the news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The head of one of Moscow-based companies funded the development of software for a cryptocurrency exchange. However, the software was later posted online, and the rights to the product belong to a foreign firm. This was reported by TASS citing a source in law enforcement.<\/p>\n","protected":false},"author":1,"featured_media":35441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1444,27],"class_list":["post-35440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-law-enforcement","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35440"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35440\/revisions"}],"predecessor-version":[{"id":35442,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35440\/revisions\/35442"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35441"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}