Some time ago, due to contradictions between the founders of MyEtherWallet, rumors about its split appeared in society. Despite this, the service still operates under the same name, but without the company that officially registered it
The rumors started last Friday when the MyEtherWallet Twitter account changed its name to MyCrypto. Users decided that the profile had simply been compromised. As it turned out a little later, the account represents the same product, just some of the developers decided to rebrand and “fork” the project.
The co-founder of MyEtherWallet, Taylor Monahan, wrote about this on her Twitter and Reddit. However, panic began among users. For the simple reason that the name of the site has not changed. Considering the hacks, hacker attacks and other events that often occur in the crypto industry, many users began to sound the alarm that the site or account had been hacked.
The next day, MEW's second co-founder Kosala Hemachandra wrote that his partnership with Taylor Monahan was ending for undisclosed reasons. The change in the name of the Twitter account left him bewildered too, so he will think about how to solve this problem.
One thing becomes clear for sure:
• MyEtherWallet and MyCrypto offer almost the same services and exist in parallel;
• Most of the MyEtherWallet employees left to work in MyCrypto;
• Account MyCrypto (formerly MEW) has more than 80 thousand subscribers, while the new profile MyEtherWallet has only 8 thousand;
Both teams wrote that they would work to improve the operation of their service.
It is important to note that since December 14, 2017, legal proceedings have been ongoing between former associates and co-founders of MEW. According to lawyer Badri Natarjan, Hemachandra wanted to acquire full control of MyEtherWallet LLC for $1 million, but Monahan refused him. In connection with this, he went to court, which, by the way, will take place on March 27 in Los Angeles.
What will happen next, time will tell. We follow the news.
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