Co-founder Files Legal Action Against Token Project Over Market Manipulation

PRESS RELEASE. co-founder Mate Tokay is filing legal action against the founders of for failing to evict a significant portion of the BRG. Tokay was hired as a consultant for the project and received BRG 37.5 million in compensation. However, Tokay was never paid for its services, despite using its name for recognition and managing to raise $ 6 million in six hours.

  • BRG investors have been misled as investors have not received any contractual obligations and the circulating BRG offer is incorrect.
  • Mate Tokay is filing legal action against the token project and main founder Sina Estavi.
  • Tokay has informed other leaders in the crypto industry, price aggregation websites and relevant exchanges of the massive discrepancy that the founders of fail to disclose.

Over three months ago, the team raised millions of dollars for a public token sale but failed to compensate one of its key advisors. co-founder Mate Tokay signed a contract with the team members at or Bridge Oracle and was to receive BRG 37.5 million. Furthermore, BRG’s circulating supply is much less than what is reported on crypto market review web portals.

When payment was due, and its main founder Sina Estavi refused to compensate the founder for his consulting services. Instead, Estavi tried to come to terms with Tokay and offer a much lower sum than was owed. Despite the deal, Estavi said he would not settle for Tokay for the sum of BRG 37.5 million, and advisors were reportedly treated similarly.

Due to contractual obligations towards Tokay and probably other consultants, the circulating offer recorded on the web portal is incorrect. The discrepancy means and its main founder Sina Estavi are manipulating the market by including tokens to be paid out to Tokay and numerous advisors.

“It’s unfair to BRG investors,” said co-founder Mate Tokay. “Coin market capitalization aggregators have a much larger BRG supply than there actually is. This is clearly market manipulation as BRG investors are unable to issue their tokens, “added Tokay.

The co-founder of further emphasized:

The founders of should include these tokens in the contract and distribute the funds to the rightful owners. BRG investors are being misled, and’s actions could harm innocent people who participated in the public offering.

Tokay believes there is no choice but to bring this matter to the relevant authorities and take legal action against the token project and its founder, Sina Estavi. He believes that should correct the situation as soon as possible before BRG investors fall victim to a classic pump and dump. In addition to taking legal action, Tokay has contacted relevant crypto industry services such as exchanges to inform them of the manipulation of the BRG market.

This is a press release. Readers should conduct their own due diligence before taking any action related to the advertised company or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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