Bitcoin Mining Giant BitFury is Being Sued By the Former CFO

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contract breach

Bitcoin mining organisation BitFury is being sued by a former arch financial officer (CFO), according to justice papers performed by CoinDesk.

First filed in April in a Superior Court of California County of San Francisco, former BitFury CFO Mikhail Golomb is alleging he was consummated improperly by BitFury so that a association could equivocate awarding him 2% of a business in equity compensation.

Court papers advise BitFury is now valued in additional of $500m, definition a shares are potentially value $10m.

Further, Golomb asserts that he was denied bonuses, contractual separation and remuneration for new vacation time. The former CFO, who warranted $240,000 in a position, is seeking a jury hearing to obtain indemnification of adult to $10,000 and attorney’s fees as a outcome of a purported crack of agreement and violations to California Labor Code.

The filing reads:

”Throughout his practice with defendants, plaintiff demanded defendants approve with a Employment Contract and make a compulsory extend of equity to a plaintiff. Defendants consummated plaintiff’s practice in plea therefore in sequence to equivocate their obligations to plaintiff underneath a Employment contract.”

During his time, Golomb served on BitFury’s house of directors and was conduct of its

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