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Eclipse Labs CEO Steps Back Following Sexual Misconduct Allegations

Neel Somani, the founder and CEO of Eclipse Labs, has announced a temporary reduction in his role as the company’s public representative following serious accusations of sexual misconduct.

Somani responded to the accusations on the social media platform X, previously known as Twitter, asserting his innocence and his readiness to defend his reputation.

“Last week, serious accusations of sexual misconduct were made against me on Twitter. These accusations are unfounded, yet they deserve a thoughtful and serious response,” Somani stated on X.

Eclipse Labs addressed the situation on social media, emphasizing its commitment to professional standards and gender equality.

Eclipse Labs is a layer-2 blockchain scaling initiative based on Ethereum, with its headquarters in San Francisco.

“The senior leadership at Eclipse is fully capable of handling these responsibilities, which will allow the necessary discussions to take place and the truth about these accusations to come to light,” Somani commented via X.

In March, Eclipse Labs successfully secured $50 million in a funding round aimed at advancing its Ethereum scaling solution. This round was co-led by Placeholder and Hack VC, bringing the total funding to $65 million. Other significant contributors included Polychain Capital, Delphi Digital, Maven 11, DBA, funds managed by Apollo, and Fenbushi Capital.

Eclipse Labs is currently expanding its team and is looking to fill several key positions such as a Growth Engineer, Marketing Lead, and People Operations Manager, with a preference for candidates located in the Bay Area.

In December 2023, Eclipse launched a testnet that focuses on serving developers. This is a step toward opening the mainnet, which will provide developers a platform to create applications leveraging the unique architecture of the project.

Eclipse Labs is also working to enhance collaboration and interoperability between the Ethereum and Solana ecosystems. Their approach allows applications designed for Solana to operate on Eclipse with only minor modifications. SOL tokens are maintained as the primary currency within the Eclipse ecosystem, further facilitating integration between these two prominent blockchain networks.

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