Eclipse CEO Somani Steps Back Amid Misconduct Claims, Company Raised $65M

May 10, 2024, 06:21 AM

Neel Somani, also known as Neel Salami, the CEO of Ethereum scaling company Eclipse, has stepped back from his role following allegations of sexual misconduct. Despite Somani's denial of the allegations, stating they are 'false,' the controversy has raised concerns among investors and the broader crypto community. Reports indicate that rumors of Somani's inappropriate behavior were known during the due diligence phase by some investors, yet were overlooked. Eclipse has previously raised $65 million from various investors including Placeholder and Hack VC.