My (wild guess) opinion/speculation follows. I can read between the lines too, as many of you probably did also. Kushti is friends with Sasha. Kushti is a Russian who isn't hung up on formalities of laws we have in the West and is primarily interested in developing the code and having enough money to afford better lighting in his dingy apartment (this is a joke for anyone who has seen the Waves Hangout video). I guesstimate that Kushti doesn't have an ethical stance against ICOs and he probably thinks it was all just hunkydory.
Boy I dont' quite know whether you're conscientiously wrote down that shockingly stupid and pretty racist crap or you're just a mindless zombie repeating stereotypes got during Crappy Nonsense Network (CNN) or other media paranoia consumption. Anyway I would like to suggest you to get rid of the brainwashing. I'm pretty sure my advise will be ignored though.
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As I already mentioned we (me & Sasha, then Sasha & Charles, then three of us) had some calls. After the third one we also had an internal meeting and decided to wait for concrete tech requirements. Based on them that was my responsibility to make a report to Charles on whether it is reasonable to help Waves in some way or not.
I still don't know why my photo was on the team page. I was offline those days due to a baby delivery, and mostly offline now, so had no call with Sasha yet. Well, I'm in IOHK Research anyway.