Neel Somani, founder and CEO of Ethereum SVM Layer2 network Eclipse, is leaving, and Vijay Chetty will be appointed CEO of Eclipse Labs. Chetty will be promoted from Chief Growth Officer and assume all responsibilities of CEO.
Chetty has more than ten years of experience in cryptocurrency natives, and in addition to his investment experience at BlackRock, he has also held leadership positions at Uniswap Labs, dYdX Trading, and Ripple Labs.
Earlier on May 10, Eclipse CEO Neel Somani announced that he would "temporarily withdraw" from his duties at Ethereum Layer 2 solutions due to sexual harassment allegations. Despite multiple allegations of sexual misconduct, Somani insisted in a post that he was innocent. After the decision came out, Somani said it was a fair treatment of the Eclipse team, investors, and developer ecosystem. Eclipse also issued a statement saying that it would share more background and details about senior leaders in the next few days. Somani promised to "work hard to clarify his reputation and defend" himself, while emphasizing that this power transition will promote the emergence of the truth. Somani and Eclipse have not yet responded to media requests for comment on this move.