PlayIconNav
BTC
$68,119.28+1.25%
ETH
$3,272.90+0.92%
BNB
$588.00+2.02%
SOL
$185.35+3.74%
XRP
$0.59974086-0.03%
DOGE
$0.13542697+4.86%
CD20
$2,307.58+1.68%
TON
$6.73+0.08%
ADA
$0.41692082+1.22%
TRX
$0.13739206+0.32%
AVAX
$28.63+2.59%
WBTC
$68,189.15+1.33%
Ad
Finance

Eclipse Labs Promotes Vijay Chetty to CEO Nearly a Week After Neel Somani's Ouster

Neel Somani, the founder and CEO of Eclipse Labs, stepped down after sexual assault allegations recently surfaced.

By Sam Reynolds
AccessTimeIconMay 16, 2024 at 5:48 a.m. UTC
Updated May 16, 2024 at 5:51 a.m. UTC
Lunar eclipse (Justin Sullivan/Getty Images)
Lunar eclipse (Justin Sullivan/Getty Images)
  • Eclipse Labs appointed its former Chief Growth Officer, Vijay Chetty, as its new CEO.
  • The company’s former CEO, Neel Somani, resigned last week after sexual assault allegations were levied against him.
VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up

    • Eclipse Labs' appointed Vijay Chetty as its new CEO, after Neel Somani stepped down last week after sexual assault allegations. Chetty was the chief growth officer at the firm before his promotion.

    "Chetty brings over a decade of crypto-native experience to the helm, having held leadership positions at Uniswap Labs, dYdX Trading, and Ripple Labs in addition to his investing experience at BlackRock," Eclipse posted on X.

    Allegations against Somani first emerged last week, and in response, he said he would step back as the company's public face.

    “Since learning about the allegations, we worked hard with other investors and the team to correct the situation, including urging Neel to resign, and we are pleased to see that happen,” HackVC, an investor in the company, posted on X.

    These allegations have not been proven in court, and Somani maintains that he has done nothing wrong.

    “These allegations are false, but serious allegations about sexual misconduct warrant a serious and thoughtful response,” he posted on X.

    Edited by Parikshit Mishra.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.