The Vaulta Foundation, previously known as the EOS Network Foundation, is embroiled in a trust crisis following the abrupt resignation of its former CEO, Yves La Rose. Despite stepping down, La Rose retained control over key multisignature accounts and advocated for Aaron Cox of Greymass to succeed him, leading to accusations of financial mismanagement and a lack of transparency.
The foundation has faced criticism for excessive spending and unaccounted grants, with the $A (EOS) token price dropping to $0.21. The situation is exacerbated by the foundation's cessation of regular financial report publications, further diminishing community trust.
Vaulta Foundation Faces Crisis as CEO Resigns Amid Financial Mismanagement Allegations
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