2024-05-10 02:21:43 Eastern Standard Time
Neil Somani, founder and CEO of Ethereum Layer 2 blockchain Eclipse, has announced that he will be “temporarily reducing” his public role. Around May 9th
post
this decision was made amid allegations of sexual misconduct.
To clear the air of these accusations regarding X, Somani said:
“Last week, serious allegations were made against me on Twitter. These allegations are false.”
He stressed that “I have never sexually assaulted or harassed a woman,” and declared that he intended to “protect” himself and “clear” his name.
Somani said his stepping aside will allow “these conversations to unfold” and “the truth to come out” about the allegations.
The Eclipse team is leading the way
The Eclipse CEO also expressed confidence in the abilities of Eclipse's senior leadership during the leave. He said they were “well equipped” to effectively manage the company in his absence.
Eclipse depending on the situation
issued
Statement via X Post on May 9th.
The team confirmed that it takes the accusations “seriously” and is committed to the highest standards of conduct. The post also mentions the company's commitment to “gender equality and fair treatment.”
Strategic progress amidst challenges
The controversy comes shortly after Eclipse Labs successfully raised $50 million in a Series A funding round, bringing its total capital to $65 million.
The funding round, co-led by Placeholder and Hack VC, included notable participants such as Polychain Capital, Delphi Digital, and Maven 11. Strategic contributions came from Flow Traders, GSR, Apollo Global Management, and OKX Ventures.
Prior to this, the company launched the Ethereum Layer 2 mainnet in September 2023.
In other news, development around Ethereum's Layer 2 solutions has increased significantly over the past year. Most recently, cryptocurrency exchange OKX launched X Layer, an Ethereum layer 2 scaling solution on the public mainnet.
Ethereum L2 Eclipse CEO faces sexual misconduct allegations appeared first on Invezz
