where are the ico funds? I think the escrow (Kuzmin) could tell this and is also responsible for informing us. Any other action can be interpreted as an involvement in the scam. Also pianist could tell us what he did with the ico funds before he left the project
Pianist says he never had access to the funds. It was always Kuzmin who controlled the funds.
this cant be true!
Kuzmin was the escrow. escrow cant be the only one controlling funds. otherwise the project was set up as a scam from the beginning and pianist was involved.
Maybe I have missed something but it sounds logical to me
My guess is that Kuzmin divvied up some of the funds, kept the rest, and funded a little development just long enough to exit. They were already planning the next ICO before this one had finished.
Theory: Essentially Mycelium was broke and started a series of ICOs to keep it floating a little longer, while grasping for something that would generate revenue:
May 2016: Mycelium crowdsale : 5,131.445 BTC raised (Source:
https://crowdsale.mycelium.com/#/)
Dec 2016: Mass Network ICO : 332.148 BTC raised (Source:
https://ico.mass.network/#/)
Jan 2017: Swish ICO : 16.36 BTC (Source:
https://www.smithandcrown.com/event/swish-ico-an-automated-pos-app-leveraging-the-power-of-the-blockchain/)
Mycelium Token --> MassCoin --> SwishCoin --> ?
Joshua Unseth called it 6 months ago:
https://www.reddit.com/r/Bitcoin/comments/4z3t19/mycelium_crowd_source_question_so_whats_up_with/d6t8htr/