Photo by Bloomberg.
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The Crypto World’s Fake Advisers

By
Reed Albergotti
,
Jon Victor
and  |  Oct. 17, 2017 7:01 AM PDT
Photo: Photo by Bloomberg.

Steve Chen is a longtime Silicon Valley engineer who lately has turned his attention to blockchain. One of two blockchain startups he founded, Echolink.io, aims to check resumes for accuracy. The startup’s own website could have used the service.

Until recently, Echolink’s website listed a team of respected blockchain industry people as advisers—such as Justin Poirier, founder of Tokenized Capital, and Christopher Kanaan, vice president of engineering at blockchain startup Ripple. But Mr. Kanaan, through a spokeswoman at Ripple, and Mr. Poirier say they never advised the company and weren’t aware their names had been used on the site. “I don’t know this guy at all, and I definitely didn’t advise them,” said Mr. Poirier in an interview.

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