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The founder of Compound relinquishes control of the company, calling for encryption technology to address equity transparency issues.
[Coin World] Compound founder Robert Leshner announced in a post that he would give up the control struggle over a certain company, stating that the company's continuous issuance of new shares has diluted shareholder rights, resulting in his shares no longer having effective control. Leshner stated he would not initiate a proxy or legal battle and plans to recommend community experts to the company to help establish a Crypto Assets treasury. He emphasized that this matter highlights the opacity of traditional markets in tracking shares and believes this is exactly the problem that Crypto Assets technology can solve.