On September 16, Dexter, the founder of Whales Market and gm.ai, issued a statement on X saying that gm.ai had suffered a series of mismanagement, wrong (and unfortunate) timing, and most importantly, poor communication within the team. "Now we take responsibility and commit to providing a complete path for investors."
Dexter claims that the team has sold almost no share of team tokens from previous startup projects. For gm.ai, the team or founders have not cashed out or "exit scammed" any pre-sale funds, except for the funds used to develop the project. To better solve this problem, the team plans to transfer the remaining pre-sale funds to a public wallet at some point when the compensation process begins. The team will share full details this Friday.
