Eclipse Labs CEO Neel Somani Steps Down Amidst Sexual Misconduct Allegations, Vijay Chetty Takes Helm
Summary:
Neel Somani, the founder of Ethereum's layer-2 blockchain Eclipse, has stepped down as CEO amid allegations of sexual misconduct. Eclipse Labs announced Vijay Chetty as his immediate replacement, who has held demanding roles at various organizations including Uniswap Labs, dYdX Trading, Ripple Labs and BlackRock. In an earlier statement, Somani denied the sexual misconduct allegations and expressed his intent to defend himself and clear his name.
Accusations of sexual misbehavior have led to Neel Somani, the inventor of Ethereum's layer-2 blockchain Eclipse, relinquishing his role as CEO. Eclipse Labs announced on May 16 that Vijay Chetty would replace Somani as CEO with immediate effect. Prior to assuming this position, Chetty served as Eclipse's Chief Growth Officer. His distinguished career includes leading roles at Uniswap Labs, dYdX Trading, and Ripple Labs, as well as investment background at BlackRock. An operational update from Eclipse Labs stated that Chetty, after moving up from the role of Chief Growth Officer, is set to take over all CEO duties formerly held by Somani.
On May 9, ahead of stepping down, Somani announced his decision to temporarily step back from being the company's "public face" due to serious sexual misbehavior allegations directed at him, which he fervently denies. In his statement, Somani categorically denied ever sexually harassing or assaulting any woman, affirming his intent to strive at vindicating his name and standing his ground.
Published At
5/16/2024 7:30:51 AM
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