BlockBeats news, on July 18, Compound founder and Superstate founder Robert Leshner announced the abandonment of his control dispute over LQR, stating that the company's continuous issuance of new shares has diluted shareholder equity, resulting in his shares no longer having effective control.
Leshner stated that he would not initiate a proxy or legal battle, and plans to recommend community experts to LQR to help establish a cryptocurrency treasury. He emphasized that this situation highlights the lack of transparency in traditional markets regarding share tracking, and believes that this is exactly the issue that cryptocurrency technology can solve.
