Recently @soniclabs published a notice stating that my relationship with the company had been “terminated with immediate effect”. They published this while on the same day asking for my help and saying they hoped I was well.
The notice gives no reason. However, the impression it creates — that I was removed for possible wrongdoing — is false.
My departure was not voluntary. After eight years, a severance and release agreement was negotiated and signed between myself and Sonic Labs and its affiliates. For over two and a half months, Sonic Labs repeatedly promised to honour that agreement. They now refuse. My existing contractor agreement was also not honoured.
That release agreement provides that neither party would publicly disparage the other. What should have remained an internal matter was instead made public by Sonic Labs, causing damage. I am therefore responding.
I worked over eight years at Fantom / Sonic. Very few projects in this industry last that long. I took the project from a scam and made it into something. I almost single-handedly won a $150 million lawsuit in Korea for the company, described at the time as Korea’s largest cryptocurrency dispute. David Richardson, the owner of Fantom and Sonic, wrote: “We really do [owe] much of this to you Michael - you have been tireless and dogged - exceeding even current counsel's efforts. The Foundation owes you much gratitude.” Yet this is how that work is treated in the end. Zero respect.
I reserve all rights with respect to any claims against Sonic Labs and its affiliates.