So why is this acquisition by Techteryx unnerving? For many reasons.
- JP Koning pointed out on Twitter that while TUSD used to get monthly attestations from an auditing firm, those attestations have ceased since this acquisition:
2. Techteryx, seemingly, doesn’t exist. There is no record of this “asian conglomerate” anywhere on the internet. The only available “data,” if we can even call it that, is this blogspot that offers next to nothing:
3. “Jennifer Jiang” is listed as lead investor on this acquisition. Who is Jennifer? Unfortunately, we can’t be sure because there is no proper way to contact her or anyone at Techteryx. I’ve reached out to different individuals at Trust Token for contact information — as of writing this, none have responded to those requests. This story will be updated if they reach out.
4. There is one “Jennifer Jiang” who seems to fit the bill of the one described in the original blog post. Her Chinese name is Jiang Hongbo and her resumé… well, it speaks for itself:
Jiang also had the opportunity to “spend an afternoon” with the head of the Bank of China before she got her fellowship at MIT and currently helps run something called CAMLab at Harvard — what appears to be a collaborative effort between the university and the Chinese government.
5. If this is the same Jennifer, she runs two other blockchain related companies: BlockTest and LatticeX. When I asked a confidant in China to describe what LatticeX is, their reply was, and I’m quoting word-for-word here, “it sounds like it’s a blockchain that will improve the world and make things better, it sounds awesome.” Uhhh… okay then.
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Source: https://thecaspiancey.medium.com/the-unnerving-acquisition-of-trust-token-186c883fa5b2?source=rss——-8—————–cryptocurrency
