Eclipse Appoints Vijay Chetty as New CEO Amid Leadership Change and Allegations

• Eclipse appoints Vijay Chetty as new CEO, replacing Neel Somani.
• Chetty brings extensive crypto experience from Uniswap Labs, dYdX Trading, and Ripple Labs.
• Somani denies sexual harassment allegations but plans to reduce role as founder.
• Hack VC reveals investors urged Somani to resign, leading to his departure.
• Somani's profile no longer mentions Eclipse; both parties decline further comment.
• Disclaimer: The Block is an independent media outlet with financial disclosures.

Summary :
Eclipse, a blockchain firm, has announced the appointment of Vijay Chetty as its new CEO, replacing founder Neel Somani. Chetty, who previously served as the company's chief growth officer, brings extensive experience in the crypto industry, having held leadership positions at Uniswap Labs, dYdX Trading, Ripple Labs, and BlackRock. The leadership change comes shortly after Somani faced allegations of sexual harassment, which he denied in a public statement. Somani had previously expressed his intention to reduce his role as the public face of Eclipse but planned to remain active as CEO. While the reason for Somani's departure was not disclosed by Eclipse, Hack VC, a Web3 venture capital firm that co-led Eclipse's Series A funding, stated that it had worked with other investors to urge Somani to resign. Both Eclipse and Somani have not provided further comment on the matter.

Sources :

- TheBlock