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Bolt’s controversial co-founder Ryan Breslow, who He returned as CEO at the beginning of this monthHe spoke about $ 30 million, which causes legal battles on Monday and contributed to the Ouster (temporary).
Breslow also announced that a “application of everything” for a click inspections for the cryptoval of the bolt.
The legal war on the loan began in 2023, when the Bolt investor sued the active to the Breed. Active The alleged Breslow saddled with $ 30 million debt It is used to borrow the amount and then to pay back with chef, company funds.
Was the case eventually settledWith the bolt that agreed to buy shares that activate the activity for $ 37 million last year.
Talker Fintech meeting Yesterday in Las Vegas, Breslow defended the loan, claimed to be a loyal convict, claimed to be framed to convict him, claimed that the alleged lawsuit claimed.
He said he was credit for selling his shareholder in the second operation and was adopted unanimously by the loan bolt board.
“It was done to be bolts,” said Breslow. “I took it instead of selling any meaningful second. I wanted to show all our investors that protect all my plugs, I believe in the fund I did not sell my stocks.”
Breslow said he thought he had a lot of time to pay the loan back and said he was waiting for Bolt for it. He said that after leaving the role of the Director General, the Board called on his credit as “a little attack.”
Bolt’s exterior founder Breslow, who was graded in the early 2022, faced allegations in the years, which year and its returns this year investors have been misleading and violated security laws Expressing dimensions The last time he fandered fled the company.
On Monday, Breslow admits to “a ton of mistake” – but he said he was not a person who was blamed. “It doesn’t know very well” to allow people to join the bolt on the lid table.
‘Super’ application in jobs
Now after returning to CEO, Bolt says a new “Super Application” will connect a click inspection experience in the bolt within a large number of services.
“Instead of a click of a click, everything we click on everything: financial services, peer-to-peer, crypto, cards, financial products, all in an application,” he said.
Bolt Uk Fintech Revolut, compared to Breslow, it Was estimated at $ 45 billion worth last yearCompared to 45 million Bolt, Bolt’s allegiance had an “wallet”, as much as 80 million “wallets”.
Indeed, Bolt’s Arresh was $ 28 million in total profit by the end of March 2024 last year. This is small compared to Revolut announced $ 2.2 billion in income and $ 545 million for 2023 (before tax).
The remaining big question about the bolt is the next fondrayin state. In August, the news began with a $ 450 million Fondraise deal. But he raised the questions about their unusual use $ 250 million “Marketing Loans” and the absence of confirmation An investor was identified by mistake as the guidance.
Some investors in bolt sued the Blackrock and Hedosophia, round, Forbes to block the Forbes declareHowever, this was voluntarily fired by the bolt declared today.
Breeslow, in his speech, said that “all” the legal work against him was “fully settled, and an update was fired”, but a $ 450 million fandrade.
Although he had “modest” with his experience, “became modest” and found a new determination to launch the bolt after faith and himself and its beginning.
“You know, I’m clearly wrong, but I have a very big chip on my shoulder,” he said. “I am really ready to get bolts in new heights.”
Blackrock and hedosophy did not respond to a request for comment.
