A British Member of Parliament resigned from the advisory board of a cryptocurrency company after news broke he was secretly getting paid for his services, the Financial Times reported.

Conservative MP Grant Shapps, who was co-chairman of the All-Party Parliamentary Group on Blockchain, resigned from the group as well as blockchain company OpenBrix after the Financial Times’ Alphaville revealed the payments. Shapps had said in public filings he was not being paid for his advisory work.

OpenBrix is a platform providing a decentralized system for real estate owners and others to trade properties. The company plans an ICO in December.

According to the Financial Times, the company would have paid Shapps and four other advisers a total of 8 million BRIX tokens, which would have been worth roughly 2.8 million pounds or $3.7 million.

ThirtyK Staff
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