Man Paid in Cryptocurrency by Start-up Asked to Return it After Value Shot up 700 Percent

Ever thrown away cryptocurrency only to regret it later after prices skyrocketed? Sharing his story on marketwatch.com, a man wrote that he got his contractual salary paid in cryptocurrency for business development work that he did for a tech startup. He now has received a mail from the CEO of the start-up stating that since his ‘business development work’ did not generate any revenue for the company, they would want the crypto payment back. Replying to this man’s query, Market Watch’s personal finance editor Quentin Fottrell said that he shouldn’t be worried about finding a solution to this and absolutely refuse to give back the cryptocurrency. Suggesting that the employer would not have asked to pay in US dollar if the crypto, whether Bitcoin or Ethereum, had depreciated, Fottrell added that the company now has no right or control of asking for the payment back if it’s not included in the contract anymore.