The current CEO of Composable Financial has vehemently rejected claims of legal wrongdoing made by Karel Kubat, who previously served as the technical director of the decentralized financial infrastructure platform.

In a tweet posted on February 20, Kubat announced his resignation from the company and also made a series of allegations against his previous employer and the CEO of that company.

Kubat said he was leaving his position because the company had not provided him or the community with financial information and because he did not have a general picture of the company’s financial situation.

However, Kubat claimed that he has a strong suspicion that CEO Omar Zaki, who has been legally prohibited from raising money for the companies, was involved in raising Series A funds for the company in violation of a mandate. cease and desist from the United States Securities and Exchange Commission. Kubat said he suspects Zaki was involved in fundraising for the company in order to circumvent the legal ban.

In addition to this, Kubat added that he suspected Zaki’s involvement in the alleged effort known as Bribe was “much larger than he officially acknowledged”.

On February 20, in response to Kubat’s resignation, Zaki held an AMA (Ask Me Anything) session on Twitter Spaces. In this session, he vehemently questioned all the accusations that had been made against him. He said that, to the best of his knowledge and belief, all the acts of the company had been carried out in full and complete adherence to the law.

Zaki provided this response in response to allegations that the company lacked financial transparency: “Since the company is privately owned, we cannot make its financial information public.”

On the other hand, he said that “we remain incredibly confident that we have the resources, the staff and the technology To really execute our goals, there’s nothing here that worries me or should worry the public.”