This is a response to the last posting by damiencito, whole real name is
Damian Foti.
First, There are some 10,000+ holders of AUSDT. It is a good question about how someone gets 25 million coins for services (and seemingly desperate to sell them). But exception is taken to automatically assume the Stablecoin is not good. The community is huge and nobody makes any apologies for the strong fundamental building blocks behind it.
The most important focus of this post is the FUD posted by Damian Foti.
This guy (excuse for a human being) Damian Foti is a scammer, conman and an unmitigated fraud artist. Damian Foti is an Italian fraudster who ran a platform called Linework (
https://linework.online ). Unfortunately, for the sovereign bank, one of the directors made a deal with Linework whereby Linework agreed to receive AUSDT in exchange for equity in their company. The person he so conveniently vilifies in his post - was one of 3 directors appointed to the Board of Linework pursuant to the acquisition. However, Linework ended up being a scam. They did not have a license to operate in El Salvador, where most of the programmers were based. And this scammer, Damian Foti ran away back to Italy once the authorities in El Salvador banned them. And he left the programmers, owing them months worth of backpay . During the early board meetings subsequent to the acquisition, this outstanding individual with the utmost integrity and experience, confronted Damian Foti - as did other Directors - about some of the aspects of Linework that did not add up. Of course, he (Damien Foti) did not like it. And apparently he saw fit to malign this gentleman's name in his post here. This gentleman is a highly respected and highly regarded in the world of banking and finance. He has no issues with any of the authorities, and in fact, works closely with them. And after the Board (who subsequently all resigned from Linework) found out these things, through Interpol it was also discovered that Damian Foti was actually convicted in France some years ago and served jail time. But as regards the AUSDT issued to Linework, the damage had to be undone. That was achieved with an upgrade to the smart contract. That way, the wallets associated with Linework could be blacklisted. So that is the truth and the real story.
Thank you for reading.
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