Eclipse CEO Neel Somani resigns amid allegations of sexual harassment, to be succeeded by Vijay Chetty. Somani announced a temporary leave of absence in the face of sexual harassment accusations, despite maintaining his innocence. Chetty, with over a decade of experience in cryptocurrency, will be promoted from Chief Growth Officer to CEO of Eclipse Labs. Eclipse vows to provide more background and details on senior leadership, while Somani pledges to work on clearing his name and defending himself.

Neel Somani, the founder and CEO of Ethereum's SVM Layer2 network Eclipse, is set to resign, with Vijay Chetty being appointed as the CEO of Eclipse Labs. Chetty, who has over a decade of native cryptocurrency experience, will transition from Chief Growth Officer to assume all CEO responsibilities. In addition to his investment experience at BlackRock, Chetty has held leadership positions at Uniswap Labs, dYdX Trading, and Ripple Labs. On May 10th, Neel Somani, the CEO of Eclipse, announced his temporary withdrawal from responsibilities related to the Ethereum Layer 2 solution due to allegations of sexual harassment. Despite multiple allegations of misconduct, Somani maintains his innocence in a post. Following this decision, Somani stated that this was a fair treatment towards the Eclipse team, investors, and developer ecosystem. Eclipse company also mentioned that more background and details about senior leadership will be shared in the coming days. Somani pledged to work towards clearing his name and defending himself, emphasizing that this power transition will bring the truth to light. Somani and Eclipse have not responded to media requests for comments regarding this move.

Eclipse CEO Neel Somani resigns amid sexual harassment rumors, Vijay Chetty takes over