Eclipse Founder Neel Somani Steps Down as CEO Amid Sexual Misconduct Allegations

Eclipse founder Neel Somani replaced as CEO amid sexual misconduct claims
Eclipse’s Chief Growth Officer Vijay Chetty was named CEO “effectively immediately” with the firm announcing that Neel Somani was departing.
Neel Somani, the founder of Ethereum layer-2 blockchain Eclipse has left his role as CEO amid sexual misconduct allegations. On May 16, Eclipse Labs said on X that “effective immediately, Vijay Chetty will be named CEO of Eclipse Labs, taking over for Neel Somani who is departing.” Chetty, Eclipse’s Chief Growth Officer until today, has held leadership positions at Uniswap Labs, dYdX Trading, and Ripple Labs in addition to having investing experience at BlackRock. Operational update on behalf of Eclipse Labs: "Effective immediately, Vijay Chetty will be named CEO of Eclipse Labs, taking over for Neel Somani who is departing. Chetty will be elevated from Chief Growth Officer and will assume all responsibilities of CEO. — Eclipse (@EclipseFnd) May 16, 2024 Somani said on May 9 that he was “temporarily reducing” his role as a “public face” for the firm saying that “serious allegations about sexual misconduct” were made against him — which he has denied. Somani said he “never sexually assaulted or harassed any woman” and would “work to clear my name and defend myself.”