Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

news-image

Joseph Lubin, an Ethereum co-founder, is facing a lawsuit from over two dozen former employees of Consensys, the blockchain software development firm he co-founded. The plaintiffs allege that Lubin and other parties manipulated assets in Consensys AG, a Swiss holding company, resulting in their shares becoming worthless. The assets, which included the web3 wallet MetaMask, partly developed by some of the plaintiffs, were transferred to a new US-based firm, CSI, in 2020 to enable outside investment. The complaint argues that Lubin violated equity promises made to employees and enriched himself at their expense. CSI is now valued at over $7 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *