And, although the IOTA Foundation claims to have recovered nearly 99% of the $11 million stolen and the culprit jailed with the support of a European enforcement agency, the team apparently did not learn their lesson. In January 2018, IOTA got hacked for the first time. In a Februinterview with Chain of Things, the IOTA Founder and CEO, David Sonstebo said, "the importance of security in IoT cannot be overstated." Additionally, he said, "it is quite daunting to think of the repercussions of failing to take security into account while engineering the technology that this ever-growing ecosystem emerges from." IOTA founding members continuously boasted how secure Tangle was. "This ('partnership') is still a rumour, and nothing has been confirmed as of the time of writing," it adds. More recently, on an author wrote about JINN, the microprocessor that many believed Bosh would manufacture. On December 6, 2017, CNBC covered the story in an article entitled "A little-known digital currency surges 90% after teaming up with firms like Microsoft." However, they rode the false statement to fame.
Not until December 12, 2017, IOTA finally "angrily" admitted it had not actually partnered with Microsoft. The Microsoft publicity stunt to increase the price of IOTA? Could that be true? Well, the fact is IOTA was sketchy about their false partnership with Microsoft in November 2017. All investors must be equal, everyone has invested their money in IOTA, everyone should get SMR (the Shimmer token that for now has no value)." He also said it simply makes the "rich even richer." For those who participate in staking, and those who do not. This distribution divides investors into good and bad. Reddit user Alive Opportunity708 said, "there are many reasons why this distribution is not fair. Siccors says it is a horrible idea because the IOTA Foundation "is going to sell special NFTs which give some people more rights than others on the new network." The new IOTA Shimmer announcement comes with the release of an NFT staking element that has been criticized heavily. IOTA first announced JINN in 2014, and after years of mystery, it "was announced dead." He spoke profusely about JINN, and how that device would revolutionize smart devices enabling their communication with IOTA's Tangle ternary network and binary systems, the ones all other tech systems use worldwide. Kevin was initially a big IOTA fan, with dozens of videos favoring the project.
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