A report on Blockstream’s possible misappropriation of investor fund has been published on cashbleed.com. On the website, there are details on how the startup’s employees are enriching themselves by siphoning investor funds all in the name of “effective bonuses.” These bonuses are presented to company employees as a percentage of their payment but in BTC.
The facility is designed to ensure that BlockStream’s employees purchase the BTC at meager prices when compared to the values in the open market. The report actually suggests that the employees can access Bitcoin at costs as low as $350. The website that has laid this claim starts by saying that Blockstream “has created a sophisticated scheme to siphon millions of dollars worth of Bitcoin from company wallets into the personal wallets of its employees and founders.”