CoinTerra CEO: Company ‘Frozen’ Amid Lawsuits and Default

By January 14, 2015Bitcoin Politics

Following a lengthy silence in the media, CoinTerra CEO Ravi Iyengar has emerged on the offensive, seeking to clarify the current state of his bitcoin mining firm, one that has recently been rocked by questions about its solvency.

Speaking to CoinDesk as part of a new interview, Iyengar confirmed that the Austin-based bitcoin mining company is in default, and it is currently awaiting a decision from its secured note holders.

CoinTerra is in default on roughly $4.25m-worth of […]

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