FUSION’s Response to Steemit Scare

Despite previous clarifications, we’re seeing some regurgitation of previously refuted negative rumours relating to Fusion. Steemit.com yesterday published the following alarmist “Alert Scam” piece, the points of which we’ll address again here:

A github site for Fusion was indeed created 2 weeks ago and to which Fusion has indeed not uploaded its code yet. This will take place in the following weeks, after some additional polishing.

Fusion’s CEO, DJ Qian, is a well known and accomplished entrepreneur whose previous venture, Bitse, has spawned 2 significant successes — QTUM and VeChain. He has firmly placed these 2 ventures in the hands of successor management, who were and still are fellow shareholders in Bitse, and moved on to found Fusion.

The piece trumpeted “Fake Advisors”, posting part of an online chat with one of Fusion’s advisors where he was caught off-guard by a person unknown to him and responded, inaptly. However, the piece neglected to post the rest of the conversation where the same advisor responds to numerous additional people, explains the mistake and corrects himself:

There have been comments about the terms of the presale, to which we simply wish to clarify that this sale was open to certain strategic investors, which received terms that are common in similar ICOs. The terms offered to the Pre-sale investors are not a matter of public discussion, and we assure you that we have full faith in our strategic investors supporting the project and the token.

The piece mentioned a person allegedly affiliated to Fusion, showing personal details including a Fusion.org address. However this person is completely unrelated, and was using this domain prior to when the Fusion Foundation acquired it.

It asserts that Fusion has “…leaked everyone’s private data accidently”, and while a limited email glitch has occurred, it has been addressed and rectified. 41 people’s public addresses have accidentally been sent to a small number (41 to be exact) of the respondents to Fusions Community Partners Program. The piece included a screen grab showing part of the leak, again incorrectly titled — “Leaked KYCs” — while in fact they were not at all part of a KYC but related to the Community Partners Program. Fusion has announced specific actions to prevent such incident from recurring.