KAST’s Terms of Service Draw Fire After Public Feud With EtherFi CEO
The post KAST’s Terms of Service Draw Fire After Public Feud With EtherFi CEO appeared on BitcoinEthereumNews.com. A five-day Twitter exchange between ether.fi CEO Mike Silagadze and KAST CEO Raagulan Pathy escalated from a card-fee comparison into public scrutiny of how KAST treats customer deposits. KAST, a stablecoin-powered card and neobank that raised $80 million in a Series A round in March at a $600 million valuation, spent the past week defending itself on Crypto Twitter after ether.fi co-founder and CEO Mike Silagadze called the company “Kasthole scammer” in a post that had gathered roughly 400,000 views by the morning of July 7. The exchange was conducted entirely in public replies and quote-tweets between the two CEOs. Silagadze also urged crypto users to review KAST’s terms of service, which state that depositing stablecoins or crypto on the platform legally transfers ownership of those assets to the company in exchange for a repayable balance. Outcry over the card’s terms