There are serious concerns regarding the use of ICO funds by the CEO, Bastian Aigner, of Bidao, who may be paying himself a salary with these funds without completing the initial project. Despite more than four years passing, the project has only produced a few web pages, and the GitHub repository mostly contains JavaScript with a few forks from other projects. Developing an EVM bridge, especially as a fork of the Gnosis chain, should not take this long. We demand transparency and request access to the source code. If there are private repositories, the team should allow stakeholders to sign NDAs to review them.

Furthermore, the tokens purchased during the ICO have not delivered any of the promised utility as outlined in the white paper. There is no functioning staking, CDP, BAI, or an identifiable team working on the project. Key executives, including the CTO, COO, and CMO, have left shortly after the initial marketing push, which now appears to have been misleading.

The situation increasingly looks like fraud or embezzlement. We are particularly concerned about how Brian Condenanza, at 23, managed to start a venture capital firm and get featured in Forbes 30 under 30. It raises questions about whether ICO funds were embezzled into altcoins, especially given the team's interest in waiting until Bitcoin hits $55k.

We believe legal consultation is necessary to explore our options. If anyone has information on the ICO agreement we had to agree to participate in, please come forward. Our goal is to hold the Bidao team accountable and seek justice for all affected token holders.