🔥Hot News! Crypto venture capital firm Polychain recently accused its former partner Niraj Pant of violating fund policies by engaging in undisclosed private transactions with portfolio company Eclipse Labs. 📝According to internal documents, former Eclipse Labs CEO Neel Somani allocated 5% of Eclipse crypto tokens to Pant in September 2022, a move that occurred a few days after Pant instructed Polychain to lead Eclipse's $6 million pre-seed financing round.
🔍The token allocation was later reduced to 1.33%, worth $13.3 million. Polychain said it did not learn about the deal until Pant left in 2023. 😮Pant insisted that the arrangement was legal, but Polychain believed that the move should be disclosed under its policies to avoid conflicts of interest. This incident has once again sparked attention and discussion on internal supervision in the blockchain industry. 🔔Please continue to follow our updates for more latest information on the blockchain industry!