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Eclipse Founder Distances Himself from the Firm Amid Allegations of Sexual Misconduct


May, 10, 2024
< 1 min read
by CoinEdition
Eclipse Founder Accused of Sexual Misconduct, Steps Down
  • Neel Somani, the founder of Eclipse, has been accused of sexual harassment.
  • Somani maintained his innocence, adding that he never sexually assaulted anyone.
  • Somani is stepping down as the public face of Eclipse. 

Neel Somani, the founder of Eclipse, Ethereum’s fastest L2 solution powered by the Solana Virtual Machine, focused on privacy, security, and decentralization, has faced allegations of misconduct, ranging from inappropriate social media conduct to serious accusations of sexual assault. 

Haseeb Qureshi, managing partner at crypto VC firm Dragonfly Capital, stated in an X post that his company passed on investing in Eclipse while conducting due diligence on the L2 solution. During the process, Dragonfly found a history of sexual harassment surrounding Somani. 

Qureshi concluded that the fact that Somani received funding and successfully sold millions in secondary for a pre-launch token despite his history is “embarrassing.”

On the other hand, Somani maintained his innocence, stating that he had never sexually assaulted a woman. He said that he’ll quit his role as the “publi…

The post Eclipse Founder Distances Himself from the Firm Amid Allegations of Sexual Misconduct appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Eclipse Founder Distances Himself from the Firm Amid Allegations of Sexual Misconduct


May, 10, 2024
< 1 min read
by CoinEdition
Eclipse Founder Accused of Sexual Misconduct, Steps Down
  • Neel Somani, the founder of Eclipse, has been accused of sexual harassment.
  • Somani maintained his innocence, adding that he never sexually assaulted anyone.
  • Somani is stepping down as the public face of Eclipse. 

Neel Somani, the founder of Eclipse, Ethereum’s fastest L2 solution powered by the Solana Virtual Machine, focused on privacy, security, and decentralization, has faced allegations of misconduct, ranging from inappropriate social media conduct to serious accusations of sexual assault. 

Haseeb Qureshi, managing partner at crypto VC firm Dragonfly Capital, stated in an X post that his company passed on investing in Eclipse while conducting due diligence on the L2 solution. During the process, Dragonfly found a history of sexual harassment surrounding Somani. 

Qureshi concluded that the fact that Somani received funding and successfully sold millions in secondary for a pre-launch token despite his history is “embarrassing.”

On the other hand, Somani maintained his innocence, stating that he had never sexually assaulted a woman. He said that he’ll quit his role as the “publi…

The post Eclipse Founder Distances Himself from the Firm Amid Allegations of Sexual Misconduct appeared first on Coin Edition.

Read the article at CoinEdition

Read More

SEC to Decide on Spot Ethereum ETF: Bullish Hopes Meet Rejection Fears

SEC to Decide on Spot Ethereum ETF: Bullish Hopes Meet Rejection Fears

The fate of the much-anticipated Spot Ethereum (ETH) (ETF) hangs in the balance, with...
May, 20, 2024
< 1 min read
by CoinEdition
Ether Price Pumps, But SEC Decisions Could Spoil the Party

Ether Price Pumps, But SEC Decisions Could Spoil the Party

Ethereum’s price surged by 5.59% last week, reaching $3,089.25. However, it has exper...
May, 20, 2024
< 1 min read
by CoinEdition