Crypto Project KodakOne Allegedly Owes over $150K to Contractors

KodakOne, the company behind a project for a blockchain-driven photography platform and an initial coin offering (ICO) of KodakCoin, has been accused by several of its contractors for not paying invoices, US media TNW reported on Wednesday. The company denied the allegations.

iFindTech, a UK-based pan-European recruitment agency, is claiming $125,000 in accumulated debt, according to an email seen by TNW. On October 26, London Law Practice, a legal consultancy of iFindTech, sent notice to KodakOne informing it for a planned lawsuit.

“Unfortunately apologies and unfulfilled promises of a payment proposal are not enabling my client to pay the people that did the work for [KodakOne],” the email reads.

“Time is short and in the absence of any meaningful payment proposal, court proceedings will be commencing in [seven] d…

This article appeared first on Cryptovest

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