Mate Tokay, Bitcoin.com’s former CEO, is taking legal action against a small-cap crypto he advised for reportedly failing to pay him 37.5 million Bridge Token (BRG) worth $525,000.
Tokay claimed that he was never paid for his services, despite the project using his name for recognition to attract investment for Bridge's $8 million initial exchange offering three months ago. He added that Bridge’s founder, Sina (NASDAQ:SINA) Estavi, offered to compensate Tokay with “a far lower sum” than what was agreed in their contract, adding that other advisors have allegedly received similar treatment.