’s name was further dragged into the mud when it acquired another company, Anyoption, in 2017. There has been no unethical behavior, nor any dumping of Stox token.” Additional Stox tokens were purchased by Moshe as he is a huge fan of Stox who strongly believes in what we are doing as he has said many times. Meanwhile, Stox insisted the movement of STX tokens was all above board: “Although this may not have been the best way to manage the wallet, it was done in good faith. Hogeg called the lawsuit brought by the investor a “despicable extortion attempt,” and reportedly settled the claim out of court after it went to mediation. People digging into the company also claimed to have found irregularities in the movement of Stox’s STX tokens. Stox was also a scam, according to a Chinese investor who sued and claimed Hogeg ran it as a Ponzi scheme. Stox raised $34m in its initial coin offering, having been promoted by boxing legend Floyd Mayweather, who at the time appeared happy to put his name to new cryptocurrencies, including Centra, which is being investigated by the US government for being an alleged scam. But not before the name was used to form more businesses: Stox, a blockchain company launched in July 2017, again with Hogeg and Gertner in charge. Like Mobli, however, the business failed, with all its accounts closed in July 2018. Another Israeli entrepreneur who had appeared alongside Hogeg in a list of “top 25 Israeli influencers in blockchain technologies and cryptocurrencies,” Ophir Gertner, was listed as a founder, and the company claimed to have $20m in investment money backing it. Meanwhile, press reports appeared stating Hogeg’s Singulariteam VC arm had paid $5m for. So much for the equity stake, and being made a part of the dotcom's future and Hogeg’s enterprise, it seemed. Then, he alleged, Hogeg claimed amnesia of the entire agreement and stopped taking Perzow's calls. Several face-to-face meetings were held in the US and Israel, and despite some reservations, Perzow says he signed over the rights to the name, receiving $3.15m in total. When it came to, Perzow says he was at the end of similar big dreams and broken promises: he agreed to sell his “exclusive right to purchase” the dotcom for just $2.5m, he claims in his lawsuit, in return for being pulled into Hogeg’s larger corporation, given an equity stake in, and being a key partner in turning the domain into a new business. When Bloomberg did a subsequent piece on Hogeg, it began: “Israel’s most prolific startup hype man.” Similar claims of Mobli’s user numbers and revenues were equally far-fetched.
#DOT LINE STX DIGIPOD TR140 MOVIE#
When Mobli filed for bankruptcy in 2016, it became clear the company was not much more than hype built around celebrity endorsements: a reported $4m investment by movie star Leonardo DiCaprio turned out to have been far, far less – less than $10, in fact. Hogeg professed that the project would be worth in the billions, more even than Mobli's then-current over $1bn dollar valuation.” "Hogeg represented to Perzow that the Pheed founders made ‘tens of millions’ in that deal. He was at the time CEO of the now-defunct Mobli social network and talked a good game, according to Perzow’s lawsuit against Hogeg.ĭuring a call between the pair, "Hogeg also bragged about Mobli, his previous venture which had reached a valuation of over one billion dollars, and his recent acquisition of Pheed for a $40m cash/stock transaction," the lawsuit stated. Hogeg had somehow made a name for himself pushing the incomprehensibly stupid Yo! messaging app, which was an April Fool’s joke that got out of hand in 2014. With now worth an estimated $5m, Perzow was desperate to find someone to help pay off what he owed so he could then either set up a business on the domain name, or sell it and make millions in profit.Īnd that was when he was introduced to Israeli entrepreneur Moshe Hogeg. When Heath Global hit hard times and entered Chapter 11 bankruptcy, it had yet to pay off the sum and so still didn’t fully own the name. He didn’t have the cash and so his company, Heath Global, reached an agreement to, according to his lawsuit, “acquire the exclusive right to purchase the domain” for $2m, paid in installments, from the dotcom's owner. Perzow thought the domain was worth more, though, and so agreed to pay double to acquire the name. It was sold in 2008 for just over $1m, making it one of that year’s largest domain sales. There’s something about high-value dot-com names that drives people crazy, and is no exception.
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