The post Polychain Accuses Former Employee Of Secret Deal With Eclipse Labs appeared first on Coinpedia Fintech News
Polychain has accused a former employee, Niraj Pant of making a secret deal with portfolio company Eclipse Labs that broke the fund’s policies. The former CEO of Eclipse Labs had allocated Pant 5% of a forthcoming Eclipse crypto token in September 2022, just days after Pant directed Polychain to lead the company’s $6 million pre-seed funding round. However, the allocation was eventually reduced to 1.33%. Polychain told CoinDesk it was unaware that Pant had a financial stake in Eclipse until after he left the firm in 2023.