The chief executive of Composable Finance clearly refutes the legal unreasonable allegations made by Karel Kubat, the former technical director on these fragmented financial infrastructure platforms.

Kubat announced in a Feb. 20 tweet that he had left the company, while making a number of charges against his former company and its chief executive.

Kubat said he left because the company did not give him or the community a financial report, but also because she did not have a grasp of the company's financial health.

However, Kubat made it clear that he suspected that Omar Zaki, the chief executive, who was prohibited by laws and regulations from raising money for the company, had participated in the first round of asset raising for the company, in violation of the termination and suspension of authorization by the Securities and Exchange Commission.

Kubat said he suspected Zaki's role in the so-called new blanket project-- bribery-- that was much bigger than he announced.

In response to Kubat's departure, Zaki posted an AMA (tell me everything) on Twitter on Feb. 20, in which he tried to deny all the charges. He claimed that, as far as we know, all the personal actions of the company were carried out thoroughly in accordance with the law.

In response to allegations that the company lacked accounting clarity, Zaki made it clear that the company was a private company and could not disclose financial data to the public.

However, "We are still very confident that we have sufficient network resources, personnel and technology to implement our own development strategy […] Not everything can cause my anxiety, and nothing should cause the anxiety of the masses.

Zaki also denied violating all directives of the Securities and Exchange Commission, saying that the first round of fund-raising activities should be conducted abroad thoroughly and in line with the laws of the host country. Zaki indicated that the company had hired a legal consultant to ensure that there was no violation of laws and regulations, and explained:

This accusation is wrong. Series A products are dedicated to selling public utility dynamic passwords in the offshore account market, and we will have an outside federation to put forward suggestions for this sale.] I have made it quite clear that all of Composable's products are carried out with the help of enough legal consultants. "

In response to the claim that Composable participated in the bribery new project, Zaki said bluntly that we did not participate in the bribery new project.

Related to:The founder of the mutant gorilla was arrested for "fraud".

Composable Finance is a real estate developer for cross-chain bridging mode and messaging contracts. In February 2022, more than $100 million was raised mainly through the auction of Polkado's side chain. Ten days after raising money, the famous blockchain technology detective ZachXBT managed to escape the company's CEO, known as "0xbrainsar", revealing that he was Zaki.

In the settlement reached on April 1, 2019, SEC accused Zachi of [fraudulently] fund investors several times during his tenure as management of Warp Finance and Force Dao in operating property, fund performance and fund management. As part of the settlement, Zaki was banned from raising money from American investors.

However, SEC's action is a civil action termination order, and it is understood that Zaki has not been sentenced to violate all criminal procedural laws.

ZachXBT also accused Zaki last year of taking part in bribery, a so-called blanket scam.