According to BlockBeats, on July 11, public information showed that Niraj Pant, a former employee of crypto venture capital giant Polychain, is now the co-founder of the distributed AI computing platform Ritual. In April this year, Ritual announced that it had received a multi-million dollar investment from Polychain Capital. In November 2023, Ritual completed a $25 million financing led by Archetype, with participation from Accomplice and Robot Ventures.
People familiar with the matter said yesterday that Polychain discovered that Niraj Pant had behind-the-scenes transactions with its portfolio project Eclipse during his tenure, and that the two parties had an illegal financial relationship, and Polychain is investigating it.