Bitcoin Miner Layer1 Misdescribed Principal Member in $ 50 Million Investment – CoinDesk – CoinDesk

Bitcoin Miner Layer1 Misdescribed Principal Member in $ 50 Million Investment – CoinDesk – CoinDesk

Layer1, the high-profile investor-backed US bitcoin mining start-up, mischaracterized the role of a supposed core team member in a recent pitch deck, according to the team member.

The full set – which was shared with CoinDesk by an investor who received it from Layer1 around June – shows a slide from the management team in which Layer1 told potential investors that Liu Xiangfu, co-founder…

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