ECLIPSE founder NEEL SOMANI resigned due to sexual harassment rumors, and VIJAY CHETTY was appointed as the new CEO. CHETTY has extensive experience in cryptocurrency and has held leadership positions at BlackRock, UNISWAP LABS, DYDX TRADING and RIPPLE LABS. HACK VC, the lead investor in ECLIPSE's Series A financing, expressed deep concern about SOMANI's sexual harassment allegations, emphasized that it would not tolerate any form of sexual harassment or misconduct, and supported CHETTY as the new CEO, trusting him to move the project forward.

Wu said that Eclipse tweeted that founder Neel Somani has resigned and Vijay Chetty will be appointed CEO of Eclipse Labs. Chetty will be promoted from Chief Growth Officer and assume all responsibilities of CEO. Chetty has more than ten years of experience in cryptocurrency native. In addition to his investment experience at BlackRock, he has also held leadership positions at Uniswap Labs, dYdX Trading, and Ripple Labs. Previously, Neel Somani had been accused of sexual harassment. Wu said that Hack VC, a Web3 venture capital firm that led Eclipse's $50 million Series A financing, tweeted that it was deeply disturbed by the sexual harassment allegations against Eclipse founder Neel Somani, and would never tolerate any form of sexual harassment or misconduct at Hack VC, and held the same high standards for founders and portfolio companies. Since learning of the allegations, he has worked with other investors and teams to correct the situation and urged Neel Somani to resign. Expressed strong belief in the mission of the Eclipse team and project, fully supports Vijay Chetty as the new CEO, and believes that he is the ideal person to drive the project forward.

ECLIPSE founder resigns due to sexual harassment rumors, Vijay Chetty takes over as CEO