{"id":4493,"date":"2018-02-10T07:34:07","date_gmt":"2018-02-10T07:34:07","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=4493"},"modified":"2018-02-10T07:34:07","modified_gmt":"2018-02-10T07:34:07","slug":"myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\/","title":{"rendered":"MyEtherWallet Co-founder Part Ways In Hostile Manner To Form MyCrypto"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4496 alignleft\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/02\/taylor-monahan.jpg\" alt=\"\" width=\"380\" height=\"250\" \/>All of a sudden yesterday, without any kind of notice, the MyEtherWallet social media account handle was changed to @MyCrypto and without the permission of MyEtherWallet co-founder <a href=\"https:\/\/twitter.com\/kvhnuke_\">Kosala<\/a>. The move to change the twitter handle name coincided with MEW\u2019s co-founder <a href=\"https:\/\/twitter.com\/tayvano_\">Taylor Monahan<\/a> announcement that she would launch a new crypto currency wallet service named MyCrypto.<\/p>\n<p>The unannounced changes caused confusion and outrage among the users of the MyEtherWallet (MEW), a free, open-source, client-side interface for generating Ethereum wallets &amp; more. Interact with the Ethereum block chain easily &amp; securely.<\/p>\n<p>The first tweet, carrying MyCrypto.com handle, directs to <a href=\"https:\/\/medium.com\/mycrypto\/mycrypto-launch-6a066bf41093\">a blog post giving<\/a> the timeline of events which led to the creation of the new crypto currency wallet service by Taylor.<\/p>\n<p>The blog post ends with a bold statement:<br \/>\n<strong>MyEtherWallet LLC was sufficient for the early stages of growth. MyCrypto is designed with next-level scaling in mind from the beginning. The team I have assembled over the past 9 months and I will now be be building, providing support, educating, and ensuring the security of https:\/\/mycrypto.com and all future products.<\/strong><\/p>\n<p>As users of MyEtherWallet turned angry, Taylor posted a message under the co-opted MEW\u2019s twitter account:<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"und\"><a href=\"https:\/\/t.co\/6a8BQIaezF\">pic.twitter.com\/6a8BQIaezF<\/a><\/p>\n<p>\u2014 MyCrypto.com (@mycrypto) <a href=\"https:\/\/twitter.com\/mycrypto\/status\/961885331183185924?ref_src=twsrc%5Etfw\">February 9, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The above tweet was followed by another <a href=\"https:\/\/medium.com\/@MyCrypto\/mycrypto-launch-faq-d6ce1178e9a0\">blog post by Taylor<\/a> to clarify the doubts that may arise in the minds of MyEtherWallet users. The self-generated Q&amp;A post provides the following clarifications:<br \/>\na. MyCrypto team comprises of 20 members, including Kevin Monahan, Taylor\u2019s husband. Most of the MyEtherWallet employees have joined voluntarily.<br \/>\nb. Some of the objectives of the new company ( according to Taylor) are:<br \/>\n\u2022 the best product to empower people to interact with the blockchain.<br \/>\n\u2022 to operate as a fully transparent, compliant, and legitimate organization capable of balancing all the interests involved.<br \/>\n\u2022 Build MyCrypto with the proper business and legal structuring mindset from day one to avoid these types of circumstances in the future (hired a Compliance Officer and proper lawyer!).<br \/>\nc. Regarding the use of MyEtherWallet handle, Taylor has clarified that <strong>\u201cMyCrypto in no way intends to steal the fruits of MyEtherWallet\u2019s promotional efforts.\u201d<\/strong> MyCrypto team further stated in the blog post <strong>\u201cWe have worked with Twitter to follow all procedures and policies, including becoming a verified user. We apologize for any confusion or inconvenience this has caused the community.\u201d<\/strong><\/p>\n<p>Taylor\u2019s blog post also mentioned the added security features provided by MyCrypto.<\/p>\n<p>Soon, the other co-founder Kosala (@kvhunke_) gained control and restored the twitter handle to MyEtherWallet. He also posted the following tweet:<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/t.co\/zD327znNCg\">https:\/\/t.co\/zD327znNCg<\/a> is secure and functioning normally. Your wallets have not been compromised, and you may continue to use MEW as intended. At present, however, we are investigating what we believe to be an improper, perhaps unlawful, social media account switch<\/p>\n<p>\u2014 Kosala (@kvhnuke_) <a href=\"https:\/\/twitter.com\/kvhnuke_\/status\/961808501088468992?ref_src=twsrc%5Etfw\">February 9, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Further, Kosala made a <a href=\"https:\/\/www.reddit.com\/r\/ethereum\/comments\/7wgnds\/official_myetherwallet_statement\/\">detailed Reddit post<\/a> explaining the events and the latest status. He has also also appreciated the manner in which she took care of business development\/designing in the early stages of the company.<br \/>\nAccording to Kosala <\/p>\n<blockquote><p>\u201cAlas, for reasons I cannot delve into here, our partnership had to end. During the transition yesterday, however, MEW\u2019s Twitter account was switched from @myetherwallet to @mycrypto, and tens of thousands of MEW followers were left scratching their heads. Indeed, the change was unexpected, and I\u2019m still in the process of determining the justification behind the switch, and how this issue will be resolved. I don\u2019t know what the fall out from this will be ultimately, but I will not be on the offensive or defensive discussing the circumstances surrounding our decision to separate beyond my statement here.\u201d<\/p><\/blockquote>\n<p>While acknowledging competition as a good thing, Kosala stated that he and his new team will focus on improving MEW for existing and prospective users.<\/p>\n<p>Last year, Kosala had asked for the company books, records, and documents and Taylor had refused to give. That had resulted <a href=\"https:\/\/drive.google.com\/file\/d\/1CHz_Fe5DqM7Aszsr5LwTdol85YsEJaaZ\/view\">in a court case<\/a>, where Kosala is the plaintiff and Taylor is the defendant. The case was filed on December 14, 2017.<\/p>\n<p>The hijack of twitter handle by Taylor was responded with acrimonious comments by the users of MyEtherWallet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All of a sudden yesterday, without any kind of notice, the MyEtherWallet social media account handle was changed to @MyCrypto and without the permission of MyEtherWallet co-founder Kosala. The move to change the twitter handle name coincided with MEW\u2019s co-founder Taylor Monahan announcement that she would launch a new crypto currency wallet service named MyCrypto. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,70],"tags":[],"class_list":["post-4493","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency","category-ethereum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MyEtherWallet Co-founder Part Ways In Hostile Manner To Form MyCrypto<\/title>\n<meta name=\"description\" content=\"All of a sudden yesterday, without any kind of notice, the MyEtherWallet social media account handle was changed to @MyCrypto and without the permission of MyEtherWallet co-founder Kosala. Taylor Monahan also announced that she would launch a new crypto currency wallet service named MyCrypto.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MyEtherWallet Co-founder Part Ways In Hostile Manner To Form MyCrypto\" \/>\n<meta property=\"og:description\" content=\"All of a sudden yesterday, without any kind of notice, the MyEtherWallet social media account handle was changed to @MyCrypto and without the permission of MyEtherWallet co-founder Kosala. Taylor Monahan also announced that she would launch a new crypto currency wallet service named MyCrypto.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-10T07:34:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/02\/taylor-monahan.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"MyEtherWallet Co-founder Part Ways In Hostile Manner To Form MyCrypto\",\"datePublished\":\"2018-02-10T07:34:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\\\/\"},\"wordCount\":707,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/taylor-monahan.jpg\",\"articleSection\":[\"Cryptocurrency\",\"Ethereum\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\\\/\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\\\/\",\"name\":\"MyEtherWallet Co-founder Part Ways In Hostile Manner To Form MyCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/myetherwallet-co-founder-part-ways-in-hostile-manner-to-form-mycrypto\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/taylor-monahan.jpg\",\"datePublished\":\"2018-02-10T07:34:07+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"description\":\"All of a sudden yesterday, without any kind of notice, the MyEtherWallet social media account handle was changed to @MyCrypto and without the permission of MyEtherWallet co-founder Kosala. 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