BitTorrent loses its founding father after the TRON takeover
TRON had recently acquired BitTorrent, bringing as many as 100 million new users to TRON’s (TRX) decentralized ecosystem. However, soon after the two-month acquisition process was over, when the $140 million deal was formally confirmed, BitTorrent lost its founding father- Bram Cohen, along with a line of other valued employees, who also stepped down from BitTorrent’s new venture with TRON.
Bram Cohen’s quiet step down from BitTorrent
Bram Cohen has severed ties with BitTorrent after years of working to build his company tall and strong. Leaving his brainchild has raised questions and speculation that he might have been forced to leave the company. His leaving the company was as quiet as possible, which further points to the fact that the resignation was a sensitive one and both the companies were trying to keep the resignation as quiet as possible.
TorrentFreak, which had reportedly tried to get in touch with Cohen via a BitTorrent’s email address, stated: “TorrentFreak reports that Bram Cohen has severed ties with BitTorrent Inc, the company that he founded in 2004, after inventing and launching his Torrent protocol three years earlier. There has been no official announcement from TRON or the BitTorrent inventor on this development. TorrentFreak received an auto-response after trying to reach out to Cohen’s BitTorrent email, it became clear that the address was no longer active.”
Other high profile exits
As reported by Coin Desk, after the acquisition, a minimum of five employees stepped down from BitTorrent. Two of them were holding strong positions in the company. As per sources, they were holding the positions of General Manager and Head of Marketing. The others included the Chief Executive, Chief Financial Officer, Chief Product Officer and Chief Revenue Officer. But they are still part of the company because of the 18 months agreement that they signed.
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