First off, we do not have and have never had any investors in Sequentia.

The person commenting is none other than Enrico Rubboli, a former engineer at Bitfinex whose story (as confirmed by Paolo Ardoino, who liked the tweet) you can read here.

Enrico opened a company to build a project (Mintlayer) based on a bastardized early version of this sidechain design (created by my co-founder Alberto de Luigi), and I did indeed help him raise $18 million before discovering that he had no intention to build this sidechain, reporting my findings to his investors, and being kicked out of the project alongside Alberto.

In nearly 4 years, he has managed to spend a majority of these $18 million on luxury cars and homes, paid developers to waste almost 2 years trying to build it on Substrate, then declared it couldn't work, and had them work on making a re-branded fork of BlueWallet to show "progress", and since then has released a useless scam erc-20 (illegal security, promissory note for mainnet token), fired and re-hired a few different teams of developers and marketers a few times, and now has managed to create a cookiecutter blockchain on a new codebase, but still nothing related to the whitepaper / a bitcoin sidechain.

We've had a few volunteers try to start Sequentia github repos a few times - we've never claimed anywhere or to anyone that these people had done any significant work or that we have made any substantial progress in developing Sequentia. I can only imagine that Rubboli pointing at this is a classic case of projection, because he knows he can't justify the "progress" on Mintlayer's side.

He's also used this $18m 'treasure chest' to pay lawyers to troll the courts a few times with the allegations he mentions in his comment, and is currently appealing the Judge's ruling to dismiss these cases.

To anyone reading this, I can promise one thing: We have learned a lot from our unfortunate encounter with Rubboli, and we will not repeat the same mistakes.