Compound Founder Announces Withdrawal from Power Struggle Over LQR Company

BlockBeats News, July 18th, Compound founder and Superstate founder Robert Leshner announced in a post that he is giving up the control battle for LQR Company. He stated that due to the company's continuous issuance of new shares diluting shareholder equity, his stake no longer has effective control.

Leshner stated that he will not initiate a proxy or legal battle, and instead plans to recommend community experts to LQR to help them establish a cryptocurrency treasury. He emphasized that this incident highlights the lack of transparency in traditional markets regarding share tracking and believes that this is exactly the problem that cryptocurrency technology can solve.